A 50% drop is a big oof moment for Stripe. But then again I don't think the company was every really worth +90b dollars.
If I were an employee I'd take the liquidity now before this goes the way of WeWork
If I were an employee I'd take the liquidity now before this goes the way of WeWork
That's an unreasonable comparison. Stripe is not deeply tied to commercial office real estate.
To counterpoint, their success is probably correlated with consumer spending habits (If consumers don't spend, transactions aren't happening, Stripe isn't getting its commission)
The case against Stripe probably sits with an understanding of how an incoming recession will impact the volume of transactions Stripe is dealing with.
The economy is very different from when they last raised.
To take the liquidity an investor has to give the liquidity - if all the employees on the inside believe in the mission so much that they want to sell ...