Re:Stripe Is Raising $6B to Resolve Employee Tax Issue
by beoberha on Wednesday March 08, 2023 @04:21PM
(#35074897)
Do you have evidence for that? Even if they’re profitable, they may not have enough on hand or it may make sense to raise this money to pay off the expiring options
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Re:Stripe Is Raising $6B to Resolve Employee Tax Issue
by lotsofpulp on Wednesday March 08, 2023 @04:29PM
(#35074986)
The Bloomberg article linked in another comment says:
> In the presentation, Stripe said it generated $14.3 billion in revenue as it processed $816 billion in payments volume last year. The company’s so-called transaction margin before losses — a measure of net revenue — rose to $3.17 billion, or 0.38% of total volume. That compares with 17 basis points for rival Adyen NV, according to the presentation.
If Stripe had notable profits or profit margins, I assume they would have shown them off in a presentation to potential investors.