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Thoughts on why this happened? I wish they were more forthcoming about the causes. This is the corporate equivalent of ghosting on your tinder date.

by RickS 9y ago

ggg9990 9y ago
They ran out of money or realized that they would.
- superquest 9y ago
  Of course -- but they didn't plan to run out of money. So what didn't go according to plan?
  - ivankirigin 9y ago
    Many companies make a good plan of burning $X per month, with a runway of Y months. This is often a worst case scenario with projections of growth from their roadmap.
Nicksil 9y ago
> ghosting on your tinder date What does this mean? Apologies if it's something obvious I should know; I'm not cool anymore so this terminology escapes me. :)
- temp123123123 9y ago
  http://lmgtfy.com/?q=ghosting http://lmgtfy.com/?q=ghosting The practice of ending a personal relationship with someone by suddenly and without explanation withdrawing from all communication.
- CGamesPlay 9y ago
  The phrase refers to when you are in the early stages of a relationship with someone you met online and stop sending any communication to them without notifying them beforehand. The phrase is probably a bit hyperbolic here.
- snewk 9y ago
  "ghosting" just means ending all interaction without warning. not necessarily in the context of a relationship. one can ghost a job, a friend, or even someone selling things on craigslist. "He ghosted me after finding out I have kids."
  - toomanybeersies 9y ago
    Ghosting can also be situational. For instance, you can ghost from a bar or party, which is essentially just disappearing without saying goodbye and trying to avoid anyone noticing you leaving. Also called an Irish Goodbye.
    - goliatone 9y ago
      FWIW in Spain is a French goodbye
      - rhizome 9y ago
        I've heard it as the Irish Goodbye as recently as the monologue of last week's Saturday Night Live with Saorise Ronan!
- deleted 9y ago
  [deleted]
- deleted 9y ago
  [deleted]
marzell 9y ago
I think it's more like breaking up with someone, but not offering to explain why.
- StudentStuff 9y ago
  Final probably wasn't pushing much volume as a Visa Signature card issuer, with a cut of around ~1% of all transactions on average[1], it would take around 100mil in processed transactions to net 1 million in revenue for Final. Visa may have also kicked them off due to having such low volume. 1 - https://usa.visa.com/dam/VCOM/download/merchants/Visa-USA-Interchange-Reimbursement-Fees-2015-April-18.pdf https://usa.visa.com/dam/VCOM/download/merchants/Visa-USA-In...
LoungeFlyZ 9y ago
Customer support is saying they have been bought.
- bhouston 9y ago
  They would not shut down if they were acquired. But it may be an acquihired, which in that case a shutdown is very common.

Thoughts on why this happened? I wish they were more forthcoming about the causes. This is the corporate equivalent of ghosting on your tinder date.

by RickS 9y ago

Thoughts on why this happened? I wish they were more forthcoming about the causes. This is the corporate equivalent of ghosting on your tinder date.

ggg9990 9y ago

They ran out of money or realized that they would.

superquest 9y ago
Of course -- but they didn't plan to run out of money. So what didn't go according to plan?
- ivankirigin 9y ago
  Many companies make a good plan of burning $X per month, with a runway of Y months. This is often a worst case scenario with projections of growth from their roadmap.

Nicksil 9y ago

> ghosting on your tinder date What does this mean? Apologies if it's something obvious I should know; I'm not cool anymore so this terminology escapes me. :)

temp123123123 9y ago
http://lmgtfy.com/?q=ghosting http://lmgtfy.com/?q=ghosting The practice of ending a personal relationship with someone by suddenly and without explanation withdrawing from all communication.
CGamesPlay 9y ago
The phrase refers to when you are in the early stages of a relationship with someone you met online and stop sending any communication to them without notifying them beforehand. The phrase is probably a bit hyperbolic here.
snewk 9y ago
"ghosting" just means ending all interaction without warning. not necessarily in the context of a relationship. one can ghost a job, a friend, or even someone selling things on craigslist. "He ghosted me after finding out I have kids."
- toomanybeersies 9y ago
  Ghosting can also be situational. For instance, you can ghost from a bar or party, which is essentially just disappearing without saying goodbye and trying to avoid anyone noticing you leaving. Also called an Irish Goodbye.
  - goliatone 9y ago
    FWIW in Spain is a French goodbye
    - rhizome 9y ago
      I've heard it as the Irish Goodbye as recently as the monologue of last week's Saturday Night Live with Saorise Ronan!
deleted 9y ago
[deleted]
deleted 9y ago
[deleted]

marzell 9y ago

I think it's more like breaking up with someone, but not offering to explain why.

StudentStuff 9y ago
Final probably wasn't pushing much volume as a Visa Signature card issuer, with a cut of around ~1% of all transactions on average[1], it would take around 100mil in processed transactions to net 1 million in revenue for Final. Visa may have also kicked them off due to having such low volume. 1 - https://usa.visa.com/dam/VCOM/download/merchants/Visa-USA-Interchange-Reimbursement-Fees-2015-April-18.pdf https://usa.visa.com/dam/VCOM/download/merchants/Visa-USA-In...

LoungeFlyZ 9y ago

Customer support is saying they have been bought.

bhouston 9y ago
They would not shut down if they were acquired. But it may be an acquihired, which in that case a shutdown is very common.