Re:Stripe raises $600M at nearly $36B valuation
by dx034 on Friday April 17, 2020 @09:08AM
(#22898628)
I don't think it's scummy. Revenues are usually measured on an annual basis, fees for many subscriptions come monthly. I believe this gives a good idea on monthly expenses for a business of a certain size.
Re:Stripe raises $600M at nearly $36B valuation
by brongondwana on Friday April 17, 2020 @09:20AM
(#22898721)
Everything you say is true and yet - it also makes the amount look lower than it is (about .15%), which is still pretty small but it's O(100) vs O(100k) rather than O(10) vs O(100k).
Re:Stripe raises $600M at nearly $36B valuation
by BoorishBears on Friday April 17, 2020 @03:27PM
(#22902141)
Yeah but why are you saying "It's scummy maths and unworthy of you?" such an overreaction
Most people think of those kinds of expenses in monthly terms, maybe you're not aware of that. This isn't a press release, it's someone's comment off the top of their head.
Re:Stripe raises $600M at nearly $36B valuation
by bbutterworth on Friday April 17, 2020 @10:36AM
(#22899305)
I was caught off by this sleight of hand; I agree that it is scummy.
Patrick, please don't do that. It's scummy maths and unworthy of you. Either "if you're doing $8k/month it work out to about $12/month" or "if you're doing $100k/year it would work out to about $145/year" would be better. Using different units for the two different figures to make them look further apart is the kind of thing done by people trying to mislead with data.