A casual place for anyone who is interested in ecommerce or mcommerce payments to visit and chat.
Wednesday, November 18, 2009
Bye, bye, Revolution Money!
American Express just announced they are buying it for not much more than what has been invested in it. There has been so much smoke and mirrors about this company, for anyone that actually knows what they are talking about, it at least has provided some entertainment value. If American Express cannot figure out how to copy anything of value that this company had (and if anyone can explain to me what that was) for a lot less than $300M, it is a pretty bad situation.