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Agree, for me it would be a buy at $200B
by Liron 6y ago
Agree, for me it would be a buy at $200B
- repsilat 6y agoFor some context, this is roughly - One tenth of Apple, - One seventh of Google, - (Joke entry: 2/7 Teslas), - More than half a Walmart, - Just under one Netflix, - A SalesForce, - A Pfizer, - Nearly 2 IBMs (Makes sense to me), - 2.7 GMs. Strong statements, though I'll never put money against this sort of thing.
- sharkweek 6y agobut only 1/4th of VISA, who I think they'll overtake in the next decade or so.
- riffraff 6y agoisn't a lot of Stripe's revenue going _through_ VISA? It doesn't seem to me they're replacing them as much as possibly making them more money. I think PayPal should be the better comparison/overtake target, at 290B.
- HappyTypist 6y ago5 years later: Stripe announces B2C bank account offering, with <unique features X, Y, Z>, including an introductory 5% cashback on anything processed through Stripe.
- blueblisters 6y agoCard networks operate on a completely different set of dynamics than payment processors. You need to convince banks to issue and promote your logo. If you want to become your issuer, you now need to keep credit card debt on your books, not to mention customer acquisition costs in the insane rewards-driven card market.
- lotsofpulp 6y agoWhat is Stripe doing that BoA/Chase/Citi/Capital One/US Bank/Wells Fargo isn’t or can’t? What are the profit margins on consumer banking? It seems like a commodity product, I expect it to be not amazing (compared to tech companies’ profit margins). Why would giving 5% cash back solve any of Stripe’s problem? Any of the other banks can do the same now, but they obviously don’t think it’s worth it to lose that much money for customer acquisition, especially when switching costs are so low.
- rainyMammoth 6y agoThis hype tech nonsense is ready for a big time disruption.