Re:The Startup Enemies of Wall Street Are Booming
by lotsofpulp on Monday March 29, 2021 @02:41PM
(#26626339)
> When did payment processing become Wall Street?
When it started affecting writers’ incomes as a result of the income being based on clicks. Making something “controversial” by mislabeling it or misconstruing it is a simple, but unfortunately successful strategy (in the short term at least).
Re:The Startup Enemies of Wall Street Are Booming
by deadmutex on Monday March 29, 2021 @02:54PM
(#26626560)
> When did payment processing become Wall Street? Is this the term for all finance now?
Haha, for software developers the experience with recruiters/hiring managers in Tech sometimes goes like this:
"Oh, you worked on front office trading algorithms? So, you must be perfect fit for this payment processing group. Here, let us set up an interview where the team will assume you have deep expertise in payment processing."
Re:The Startup Enemies of Wall Street Are Booming
by westpfelia on Monday March 29, 2021 @03:05PM
(#26626731)
Well with the current Gamestop craze that is happening it probably helps to generate clicks to title something "enemies of wallstreet" as false a title as it may be.
Re:The Startup Enemies of Wall Street Are Booming
by MattGaiser on Monday March 29, 2021 @02:46PM
(#26626428)
Yeah, this is the broadest definition of Wall Street I have read yet.
Re:The Startup Enemies of Wall Street Are Booming
by JumpCrisscross on Monday March 29, 2021 @02:50PM
(#26626487)
> this is the broadest definition of Wall Street I have read
It's also insidious. Silicon Valley and Wall Street are doing fine. Expanding the definition of the latter to include mid-level loan managers is...suspiciously convenient.
These start-ups are challenging stodgy banks. By and large, this is and has been good. But unless the jargon has completely changed over the last twenty years, someone helping retail traders buy stock or processing Salesforce payments isn't on Wall Street.
They're at the same institution. But their work, risk profile and compensation are vastly different. Last I checked, Wall Street is doing fine amidst this disruption, what with cryptocurrencies, SPACs and booming markets public and private.