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> Goldman Sachs is one of our financial partners for Stripe Treasury Does Goldman Sachs' misreporting of millions of transactions to the FCA align with Stripe'

> Goldman Sachs is one of our financial partners for Stripe Treasury Does Goldman Sachs' misreporting of millions of transactions to the FCA align with Stripe's business ethics policy?

jskajakzkjx 6y ago
Is that something that happened in the past or some plans Goldman has announced for the future?
- liujy 6y ago
  I believe the above user is referring to the 1MDB scandal which took place earlier this year.
- JxLS-cpgbe0 6y ago
  The past: https://www.theguardian.com/business/2019/mar/28/city-watchdog-fines-goldman-sachs-misreporting-transactions https://www.theguardian.com/business/2019/mar/28/city-watchd...
cambalache 6y ago
Stripe's business ethics policy. That policy has 2 clauses.A)Generate more money. B) Generate more publicity. The rest is glitter to bamboozle you.
- jacquesm 6y ago
  Try not to be an asshole. The Stripe founders are probably the most ethical players in the payment space and if you make claims like the ones above you should at least provide some examples or evidence. I've worked in and for PSPs for many years, if everybody in that space had the business ethics that the Stripe founders had that part of the domain would have a much better name than it does. For some background on why I believe this is the case read up on Paypal, CCBill, IBill and many others besides.
  - cambalache 6y ago
    > Try not to be an asshole. Not very strong in self-awareness aren't we? > The Stripe founders are probably the most ethical players in the payment space and if you make claims like the ones above you should at least provide some examples or evidence. I dont have any evidence regarding and neither you by the way, but if you want to play modern day Socrates, go ahead. > I've worked in and for PSPs for many years, if everybody in that space had the business ethics that the Stripe founders had that part of the domain would have a much better name than it does. I support part of that Kantian ethics involve collecting data from the users("For fraud detecting purposes}[1] and rejecting on previous promises to hike up prices[2]. Look, I am sure the guys at Stripe like puppies and make donations and so on, but at the end of the time, they are a business, a ruthless entity hyper-optimized to make money, nothing else. The rest are empty words like Google's : "Dont be evil" or Disney's "The Happiest Place on Earth". This a 40B company we are talking about, it is not longer a couple of kids in a garage. Despite your deontological aspirations a little bit of skepticism wouldn be so bad. {1} https://news.ycombinator.com/item?id=22936818 https://news.ycombinator.com/item?id=22936818 [2]https://news.ycombinator.com/item?id=22936818 https://news.ycombinator.com/item?id=22936818

> Goldman Sachs is one of our financial partners for Stripe Treasury Does Goldman Sachs' misreporting of millions of transactions to the FCA align with Stripe's business ethics policy?

jskajakzkjx 6y ago

Is that something that happened in the past or some plans Goldman has announced for the future?

liujy 6y ago
I believe the above user is referring to the 1MDB scandal which took place earlier this year.
JxLS-cpgbe0 6y ago
The past: https://www.theguardian.com/business/2019/mar/28/city-watchdog-fines-goldman-sachs-misreporting-transactions https://www.theguardian.com/business/2019/mar/28/city-watchd...

cambalache 6y ago

Stripe's business ethics policy. That policy has 2 clauses.A)Generate more money. B) Generate more publicity. The rest is glitter to bamboozle you.

jacquesm 6y ago
Try not to be an asshole. The Stripe founders are probably the most ethical players in the payment space and if you make claims like the ones above you should at least provide some examples or evidence. I've worked in and for PSPs for many years, if everybody in that space had the business ethics that the Stripe founders had that part of the domain would have a much better name than it does. For some background on why I believe this is the case read up on Paypal, CCBill, IBill and many others besides.
- cambalache 6y ago
  > Try not to be an asshole. Not very strong in self-awareness aren't we? > The Stripe founders are probably the most ethical players in the payment space and if you make claims like the ones above you should at least provide some examples or evidence. I dont have any evidence regarding and neither you by the way, but if you want to play modern day Socrates, go ahead. > I've worked in and for PSPs for many years, if everybody in that space had the business ethics that the Stripe founders had that part of the domain would have a much better name than it does. I support part of that Kantian ethics involve collecting data from the users("For fraud detecting purposes}[1] and rejecting on previous promises to hike up prices[2]. Look, I am sure the guys at Stripe like puppies and make donations and so on, but at the end of the time, they are a business, a ruthless entity hyper-optimized to make money, nothing else. The rest are empty words like Google's : "Dont be evil" or Disney's "The Happiest Place on Earth". This a 40B company we are talking about, it is not longer a couple of kids in a garage. Despite your deontological aspirations a little bit of skepticism wouldn be so bad. {1} https://news.ycombinator.com/item?id=22936818 https://news.ycombinator.com/item?id=22936818 [2]https://news.ycombinator.com/item?id=22936818 https://news.ycombinator.com/item?id=22936818