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Why would I look outside? That's how you find out the weather. I looked at the data. US GDP growth was positive in the third quarter. Unemployment is at rec

Why would I look outside? That's how you find out the weather. I looked at the data. US GDP growth was positive in the third quarter. Unemployment is at record lows. Again, there are headwinds. Inflation is high and as a result consumer confidence is low. That's bad. But the only people crying "recession" are people paying too much attention to the stock market. The real story is far more complex, and there's very little sign of a broad based economic slowdown. Would you care to provide the data you're using to back up your claims?

ergocoder 4y ago
Here is one data point: For example, Lyft and Shopify who are one of the largest customers of Stripe is slowing down in their revenue growth. You can just look at their financials in the past few quarters. They even have layoffs themselves. That majorly has negative impact on stripe's revenue.
- BaseballPhysics 4y ago
  Cool, two companies, one (Shopify) which saw a huge bump in revenues during COVID thanks to a rise in internet purchasing and is seeing the numbers slump back to normal as shopping habits revert to the mean, and the other (Lyft) that's in an industry that declined throughout COVID due to pandemic concerns and hasn't surged back in the face of competition from both Uber and traditional cabs. Again: I have data about the entire economy. That data tells a story that's mixed but relatively positive. You have two specific examples, each of which represent a corner of entire economic sectors, and those sectors represent only a fraction of the total economy. And I'm supposed to conclude that you're the one who has it right?
  - ergocoder 4y ago
    > Cool, two companies, one (Shopify) which saw a huge bump in revenues during COVID thanks to a rise in internet purchasing and is seeing the numbers slump back to normal as shopping habits revert to the mean, and the other (Lyft) that's in an industry that declined throughout COVID due to pandemic concerns and hasn't surged back in the face of competition from both Uber and traditional cabs. Why would your explanation matter? The conclusion still remains. Their revenue slows down. Therefore, stripe's revenue slows down. For sure, it is not growing faster. You didn't contradict my point at all. > Again: I have data about the entire economy. That data tells a story that's mixed but relatively positive Stripe's revenue growth does indeed slows down. There is no dispute of that. If Stripe was making 1 trillions USD more, they wouldn't have laid off people, obviously. Now I or the founders claim it is because the macro economic is bad. You might contradict this part. Well you have been taunting it for 2 comments now. Can you share your evidence? Or we should continue quibble a bit more first?

ergocoder 4y ago

Here is one data point: For example, Lyft and Shopify who are one of the largest customers of Stripe is slowing down in their revenue growth. You can just look at their financials in the past few quarters. They even have layoffs themselves. That majorly has negative impact on stripe's revenue.

BaseballPhysics 4y ago
Cool, two companies, one (Shopify) which saw a huge bump in revenues during COVID thanks to a rise in internet purchasing and is seeing the numbers slump back to normal as shopping habits revert to the mean, and the other (Lyft) that's in an industry that declined throughout COVID due to pandemic concerns and hasn't surged back in the face of competition from both Uber and traditional cabs. Again: I have data about the entire economy. That data tells a story that's mixed but relatively positive. You have two specific examples, each of which represent a corner of entire economic sectors, and those sectors represent only a fraction of the total economy. And I'm supposed to conclude that you're the one who has it right?
- ergocoder 4y ago
  > Cool, two companies, one (Shopify) which saw a huge bump in revenues during COVID thanks to a rise in internet purchasing and is seeing the numbers slump back to normal as shopping habits revert to the mean, and the other (Lyft) that's in an industry that declined throughout COVID due to pandemic concerns and hasn't surged back in the face of competition from both Uber and traditional cabs. Why would your explanation matter? The conclusion still remains. Their revenue slows down. Therefore, stripe's revenue slows down. For sure, it is not growing faster. You didn't contradict my point at all. > Again: I have data about the entire economy. That data tells a story that's mixed but relatively positive Stripe's revenue growth does indeed slows down. There is no dispute of that. If Stripe was making 1 trillions USD more, they wouldn't have laid off people, obviously. Now I or the founders claim it is because the macro economic is bad. You might contradict this part. Well you have been taunting it for 2 comments now. Can you share your evidence? Or we should continue quibble a bit more first?