Re:Stripe Layoff 14% of Workforce
by tomnipotent on Thursday November 03, 2022 @11:06AM
(#33452148)
Stripe processes in the area of $350-400bln annually, which is equivalent to about 1/10th the GDP of the U.K. That's absolutely enough volume to see macro trends as it relates the classes of merchants they support.
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FIS, which I don't even think is one of the largest, does over 600B per quarter in the globally and 12 figures yearly.
Stripe needs to 6-7x its processing to be one of the largest.
Re:Stripe Layoff 14% of Workforce
by tomnipotent on Thursday November 03, 2022 @02:07PM
(#33454985)
Who said anything about being the largest? The question was whether they have sufficient data to make predictions about future trends, especially as it applies to their business.