Re:Stripe to move to South San Francisco
by x0x0 on Thursday October 24, 2019 @01:35AM
(#21341915)
Yeah. Salesforce probably has north of 50% margins. Eating 1% is annoying but livable. A Square or Stripe type business probably has under 5% margins, making this a tax of 10 to 20 percent of profit.
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Re:Stripe to move to South San Francisco
by gamblor956 on Thursday October 24, 2019 @01:16PM
(#21346781)
Unless things changed over the summer, Square is not profitable, so this is just an additional major expense that makes profitability harder to achieve.