4 ms·
Neither of these two quotes in the article provide a compelling counterpoint to the outsized impact that Prop C would have had on Stripe's business.
by benchtobedside 7y ago
Neither of these two quotes in the article provide a compelling counterpoint to the outsized impact that Prop C would have had on Stripe's business.
- deleted 7y ago[deleted]
- x0x0 7y agoYeah. Salesforce probably has north of 50% margins. Eating 1% is annoying but livable. A Square or Stripe type business probably has under 5% margins, making this a tax of 10 to 20 percent of profit.
- gamblor956 7y agoUnless things changed over the summer, Square is not profitable, so this is just an additional major expense that makes profitability harder to achieve.