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I'd love to see Apple acquire Stripe. Let me make a case for why this could be a great addition. 1.) Apple pay. Apple pay has not caught on, and perhaps Stri
by nodesocket 10y ago
I'd love to see Apple acquire Stripe. Let me make a case for why this could be a great addition.
1.) Apple pay. Apple pay has not caught on, and perhaps Stripe could push it over the tipping point.
2.) Acquire Stripe's team of amazing designers, front-end engineers and operations engineers.
3.) Further revenue into Apple's increasingly massive services business
The problem is Stripe is crazy Silicon Valley over valued. Consensus is that Stripe recently raised 150M at a 10B valuation. 10 billion? No way!
Payments processing is a very slim margin business. From their 2.90% and $0.30, Stripe will make about 1% on average, the rest goes to Wells Fargo. That doesn't seem too bad except that Stripe's total processing volume can't nearly justify that crazy valuation.