Stripe tried to raise more funding at a $55B-$60B valuation

Re:Stripe tried to raise more funding at a $55B-$60B valuation by liveoneggs on Saturday January 28, 2023 @07:25AM (#34557022)

I am also confused how Stripe, who collects fees on billions and billions of transactions, could somehow not be a very very wealthy company.

However Block, Inc (formerly square) is also not profitable!

https://finance.yahoo.com/quote/SQ with EPS of -0.17

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Re:Stripe tried to raise more funding at a $55B-$60B valuation by dumbmachine on Saturday January 28, 2023 @08:31AM (#34557432)

Considering they are in the same segment, Adyen seems to be doing fine. EPS of 17.64 https://finance.yahoo.com/quote/ADYEN.AS/

Could be a result of smaller product suite and headcount of Adyen.

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Re:Stripe tried to raise more funding at a $55B-$60B valuation by jtc331 on Saturday January 28, 2023 @09:37AM (#34557838)

The vast majority of those fees flow through to payment networks and issuing banks.

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Re:Stripe tried to raise more funding at a $55B-$60B valuation by fastball on Saturday January 28, 2023 @11:47PM (#34565035)

I don't think it's the vast majority. Stripe charges ~2.9% + $0.30, and seems like Mastercard / Visa are probably taking around 1.15% + $0.05. So the vast majority should still be going to Stripe.

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Re:Stripe tried to raise more funding at a $55B-$60B valuation by MagicMoonlight on Saturday January 28, 2023 @05:12PM (#34562549)

It’s as easy as one, two, steal all the earnings and indebt the company before running away

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