- Stripe is a pain in the ass as a buyer, so I really hope they won't be able to acquire competitors and become a de facto monopoly.
For example, when you're traveling abroad and can't buy a service online with your card, you can be 95% sure that Stripe is the payment processor.
- Not good. Stripe rejects anyone even close to the regulated cannabis space (with no room for appeal) but PayPal will accept these tranctions. So, this would put a non-zero amount of businesses (that don't even touch that deadly, deadly plant) in a tight spot with this monopolisation of the industry.
by TazeTSchnitzel
0 subcomment
- Stripe and PayPal have pretty different sets of tradeoffs. There's plenty of reasons to dislike both, but at least right now you get a choice between them. I really hope they won't merge.
by onesociety2022
1 subcomments
- > Stripe hit a $159 billion valuation on Tuesday and said it was on track to reach an annual run rate of $1 billion this year.
Wow! This is the quality of reporting from CNBC? The $1B ARR number is just for Stripe's Revenue products (Billing, Invoicing, etc). That doesn't include their main business (payments-related products).
- That would mean they would be acquiring Venmo as well?
I feel like PayPal is slowly degrading, I hope Stripe would find a way to modernize it.
- Stripe's valuation decreased from $95 billion in 2021 to around $50 billion in 2023.
I am curious what changed in 2 years to reach $159 valuation and assuming deal goes through, how they fund PayPal buyout.
- I used to live in the United States and recently moved to Germany. Using PayPal for payments is a lot more common here than Germany. In fact I connected my Uber account to my credit card via PayPal and my partner pays for a lot of things online via PayPal.
PayPal is also used for transferring money between friends and family quite frequently
by johnisgood
0 subcomment
- What does this mean for existing users, and the features of PayPal? Which is sending money between family & friends and withdrawing money to my bank account for free.
- That feels like it would be a pretty significant blunder for stripe. Paypal is everything that stripe isn't. Legacy, confusing, slow, expensive and hidebound.
by givemeethekeys
2 subcomments
- Will anyone be getting arrested for insider trading? It spiked on rumors yesterday when nearly everything else was collapsing.
by adventured
2 subcomments
- Stripe is overvalued by about 10x judging by Block and PayPal.
Best case scenario: Stripe gets larger, gets bloated, slower, eats some competitors, becomes their competitors. The street presses down on their valuation as their growth races toward single digits. Congratulations.
Block is fetching ~13 times op income. PayPal is fetching ~7 times op income.
- Paypal Honey, anyone?
by Ancalagon
1 subcomments
- cool, more market consolidation
by nodesocket
2 subcomments
- When’s the last time a private company acquired a public company? Crazy!
- Coinbase next?
by ChrisArchitect
0 subcomment
- Related:
Stripe valued at $159B, 2025 annual letter
https://news.ycombinator.com/item?id=47137711
by clumsysmurf
2 subcomments
- > PayPal’s stock has plummeted over the last year as it faces slowing growth and mounting competition in the digital-payments market.
What is the mounting competition? Does Paze factor into any of this?
by decremental
0 subcomment
- [dead]
by SilverElfin
1 subcomments
- [flagged]
by chris_money202
0 subcomment
- Now how can a company that launched many people’s successful career of meddling in everyone’s affairs be acquired by a company that was launched 10 years later, interesting.
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