Oh, here we go again. The hazy macro-economic environment strains the capital efficiency of tech as they learn-anew why traditional businesses aren't quite as e

Oh, here we go again. The hazy macro-economic environment strains the capital efficiency of tech as they learn-anew why traditional businesses aren't quite as efficient as they are. The world is complex, and hard to navigate, and hard to encode into the sterility of a computer program, and jeeze I guess things like customer support and humans and special edge cases may actually matter when it comes to building a sustainable business. You don't keep legitimate customers by subjecting them to erroneous fraud mitigation. That's the end of the story. Stripe can figure it out, or they can die. "Stripe cuts 14% of its workforce, CEO says they ‘overhired for the world we’re in’" Stripe handled an estimated $350B in payments annually (as of 2020) with around 8,000 employees. JP Morgan Chase handles somewhere around $2T, with around 250,000 employees. They didn't overhire. They never had enough people in the first place. They certainly don't now. It's going to get worse, and it may not get better. Stripe is a low interest rate environment corporation, with $2.3B in venture funding, which will not exist in 10 years. You give a great piece of advice: diversity your payment processing.