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A comment on Stripe to move to South San Francisco. Parent comment

Re:Stripe to move to South San Francisco by wmf on Thursday October 24, 2019 @01:45AM (#21341957)
It seems like raising prices from 2.9% to 2.93% would cover the tax. (I assume they don't want to go to 3% because that looks like a huge jump.) The real question in my mind is why does Stripe bother to exist if they're barely breaking even.
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Re:Stripe to move to South San Francisco by AdieuToLogic on Thursday October 24, 2019 @02:55AM (#21342308)
> The real question in my mind is why does Stripe bother to exist if they're barely breaking even.

Stripe has a valuation of $35,000,000,000 USD[0].

The real question I have is how anyone thinks Stripe is "barely breaking even."

0 - https://www.forbes.com/sites/donnafuscaldo/2019/09/19/stripe...

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Re:Stripe to move to South San Francisco by senko on Thursday October 24, 2019 @04:32AM (#21342691)
Valuation and profit or loss are not connected (see Uber).
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Re:Stripe to move to South San Francisco by thomasjudge on Thursday October 24, 2019 @08:16AM (#21343837)
...WeWork, Theranos,...
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Re:Stripe to move to South San Francisco by tempsy on Thursday October 24, 2019 @01:47AM (#21341970)
Low margin, high volume.
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