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Stripe sets one-year timetable to decide on going public

wsj.com

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Re: Stripe sets one-year timetable to decide on going public

#11

Post by chimeracoder »

Aqua_Geek wrote: post #5
shawnz wrote: post #4

Earlier quoted context omitted.

It's because the earliest RSUs they issued are expiring this year: https://www.theinformation.com/articles/stripes-early-stock-...

They’re options that are set to expire, not RSUs. Yes, the employees could exercise them to prevent them from expiring, but then Uncle Sam comes to collect his dues. And that’s where illiquidity burns you.

> They’re options that are set to expire, not RSUs.

Both options and RSUs are required by law to have expiration dates. And it's plausible that either or both could have expiration dates within the next 12 months.

Re: Stripe sets one-year timetable to decide on going public

#12

Post by kasey_junk »

Aqua_Geek wrote: post #5
shawnz wrote: post #4

Earlier quoted context omitted.

It's because the earliest RSUs they issued are expiring this year: https://www.theinformation.com/articles/stripes-early-stock-...

They’re options that are set to expire, not RSUs. Yes, the employees could exercise them to prevent them from expiring, but then Uncle Sam comes to collect his dues. And that’s where illiquidity burns you.

Double trigger rsu’s in private companies also expire and holders of those have no option even to eat the taxes in that case. They just lose them.

Re: Stripe sets one-year timetable to decide on going public

#13

Post by fragmede »

TekMol wrote: post #7

It's interesting that there is so much technology and third party business involved in the process of moving value. - Visa has a market cap of $463B - Mastercard $362B - PayPal $90B - Block $48B Could it theoretically all be automated?

I don't think visa is doing it by hand and pencil and paper though, and the value in those companies is that they're taking bioff the top of every transaction that runs on their rails. so it's already automated too a huge degree, it's just that automation is what gives those companies that market cap

Re: Stripe sets one-year timetable to decide on going public

#14

Post by TekMol »

timerol wrote: post #9
TekMol wrote: post #7

It's interesting that there is so much technology and third party business involved in the process of moving value. - Visa has a market cap of $463B - Mastercard $362B - PayPal $90B - Block $48B Could it theoretically all be automated?

No. (Channels patio11) As a society we have decided to delegate a bunch of responsibilities to the companies that move money. The most notable one is fraud protection. The companies that make this much money do so by pretending that a transfer of money is a clean, simple, and absolute thing. In reality it is messy, reversible, and fraud-prone. Being able to transfer $1B dollars as easily as you are able to transfer $…

I have been paying and being paid for decades now, and I have never involved a payment processor in a dispute I had with the other side.

If arbitration is the reason these companies exists, it seems like bad deal.

Maybe they sell an illusion?

Re: Stripe sets one-year timetable to decide on going public

#15

Post by TekMol »

fragmede wrote: post #13
TekMol wrote: post #7

It's interesting that there is so much technology and third party business involved in the process of moving value. - Visa has a market cap of $463B - Mastercard $362B - PayPal $90B - Block $48B Could it theoretically all be automated?

I don't think visa is doing it by hand and pencil and paper though, and the value in those companies is that they're taking bioff the top of every transaction that runs on their rails. so it's already automated too a huge degree, it's just that automation is what gives those companies that market cap

But what is the value they provide, which justifies their earnings and therefore market cap?

Re: Stripe sets one-year timetable to decide on going public

#16

Post by fragmede »

TekMol wrote: post #15
fragmede wrote: post #13

Earlier quoted context omitted.

I don't think visa is doing it by hand and pencil and paper though, and the value in those companies is that they're taking bioff the top of every transaction that runs on their rails. so it's already automated too a huge degree, it's just that automation is what gives those companies that market cap

But what is the value they provide, which justifies their earnings and therefore market cap?

by being the digital rails. without visa/mc, all you have in your wallet is a piece of useless plastic. there's huge value in the convenience of not having to use cash, and then the rewards programs on top of that.

Re: Stripe sets one-year timetable to decide on going public

#17

Post by fragmede »

rvz wrote: post #10

Maybe they should have IPO'd or directly listed in 2019 at the very peak when everyone else was rushing to the exit as I said before [0]. Of course this is also not in hindsight either. [1] Seems like they now don't want to wait anymore and just unload their shares into the market and especially onto retail investors. [0] https://news.ycombinator.com/item?id=32567217 [1] https://news.ycombinator.com/item?id=20993919

hindsight is 20/20

Re: Stripe sets one-year timetable to decide on going public

#18

Post by changoplatanero »

TekMol wrote: post #14
timerol wrote: post #9

Earlier quoted context omitted.

No. (Channels patio11) As a society we have decided to delegate a bunch of responsibilities to the companies that move money. The most notable one is fraud protection. The companies that make this much money do so by pretending that a transfer of money is a clean, simple, and absolute thing. In reality it is messy, reversible, and fraud-prone. Being able to transfer $1B dollars as easily as you are able to transfer $…

I have been paying and being paid for decades now, and I have never involved a payment processor in a dispute I had with the other side. If arbitration is the reason these companies exists, it seems like bad deal. Maybe they sell an illusion?

Maybe your credit card number was stolen without your knowledge and they took care of it for you without you even being aware

Re: Stripe sets one-year timetable to decide on going public

#20

Post by rglover »

TekMol wrote: post #7

It's interesting that there is so much technology and third party business involved in the process of moving value. - Visa has a market cap of $463B - Mastercard $362B - PayPal $90B - Block $48B Could it theoretically all be automated?

Yes, with Bitcoin.
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