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> Do they really want to try and take on Stripe, Apple Pay, Shopify, etc? Is the answer "they did when the Federal Reserve had interest rates at 0.25%" and now
by MuffinFlavored 4y ago
> Do they really want to try and take on Stripe, Apple Pay, Shopify, etc?
Is the answer "they did when the Federal Reserve had interest rates at 0.25%" and now that interest rates are currently are 4.5% headed toward potentially 5%+ and/or just staying in the 4-5% range for at least 6-12 months "no"?
Somebody (multiple people?) obviously signed off on investing resources into this in the first place. How long ago, I'm not sure. Could some clairvoyantly even back then that this would get scraped? No clue, I have no internal leg up/leak/data.
Why was the answer yes then (yes = invest in it) and now, when they have a finished-ish product, no (no = don't try to internally compete with Stripe)?
- ericmay 4y agoLow interest rates can mask poor business decisions, or make it cheaper to place bets on new products. Higher rates change the IRR calculation and perhaps overall business strategy too. So yea probably re: 0.25%
- MuffinFlavored 4y agoWhere do companies like Apple park their cash short term? Obviously not 10Y bonds most likely?
- ericmay 4y agoShort-term yea treasuries and things like that.
- MuffinFlavored 4y agoHow do you get notified of HN comment replies, or do you also incessantly check your profile comments like I do?
- ericmay 4y agoI check them incessantly depending on how the day is going :)
- unmole 4y agoApple specifically runs its own hedge fund to manage its cash: https://en.wikipedia.org/wiki/Braeburn_Capital https://en.wikipedia.org/wiki/Braeburn_Capital OK, not technically a hedge fund.