> The world is now shifting again. We are facing stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding. (Tech company earnings last week provided lots of examples of changing circumstances.) On Tuesday, a former Treasury Secretary said that the US faces “as complex a set of macroeconomic challenges as at any time in 75 years”, and many parts of the developed world appear to be headed for recession. We think that 2022 represents the beginning of a different economic climate.
To justify the move, Stripe is pointing in every direction except their own operational situation. What's going on at Stripe?
> ... We provide an important foundation to our customers and Stripe is not a discretionary service that customers turn off if budget is squeezed. ...
Ok, so are you saying that business has taken such a dive so quickly that you're trying to get in front of it? Or are there more announcements like this on tap?
To justify the move, Stripe is pointing in every direction except their own operational situation. What's going on at Stripe?
> ... We provide an important foundation to our customers and Stripe is not a discretionary service that customers turn off if budget is squeezed. ...
Ok, so are you saying that business has taken such a dive so quickly that you're trying to get in front of it? Or are there more announcements like this on tap?