alt Hacker NewsSomeone noted they pass through 100 billion annually if I remember correctly, but they also take a 5.5% cut, so Stripe secures them as a “customer” while getting their money back over time. It also to me feels like an adjacent business aligned with sort of what Stripe already does to begin with, being someone elses middle man.
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johnbarron • today at 7:15 AM
Who is that someone? And unnamed employee that told somebody else?
They make less than 140 million in revenue, what today is like 5 signing bonus for OpenAI :-) They are not profitable and see through less than 2 billion in revenue.
These are easy to check so...
That feels high if they were bought at $7B? 5.5% of $100B is $5.5B in annual revenue. 1.3x multiple for AI. No way