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Fun to see the rivalry between Stripe and Square play out. This line though has me a little puzzled, however: >"On the flip side, Square is more diversified, g
by fluxic 10y ago
Fun to see the rivalry between Stripe and Square play out. This line though has me a little puzzled, however:
>"On the flip side, Square is more diversified, generating revenue from non-payment products such as its Square Capital lending business and Caviar restaurant-delivery operation."
Isn't Caviar widely known for being a massive money-loser for Square?
http://www.bizjournals.com/sanfrancisco/blog/techflash/2016/10/square-caviar-uber-grubhub-yelp.html http://www.bizjournals.com/sanfrancisco/blog/techflash/2016/...
- moyta 10y agoI think so, iirc Caviar is losing money as they compete with the dozen other food delivery services. The payment processing industry itself is currently very overcrowded too, with a million ISOs like Stripe, Square, Braintree, etc.
- ChuckMcM 10y agoYes. And if you ever wondered whether or not the right CEO can make or break a company, this is a pretty awesome test case for you.
- JumpCrisscross 10y ago> Fun to see the rivalry between Stripe and Square play out. One has a part-time CEO tanking Twitter and the other doesn't. This is not a rivalry.
- yellowbeard 10y agoIs there that much rivalry? AFAIK Square is pretty solidly 'brick and mortar' while Stripe is APIs.