The difference with Ramp is they are connected to your business bank account and can automatically increase your limit as you grow vs traditional companies like AMEX that require you to manually submit your financials and go through review etc. Also just in general better UI/UX and support etc.
We moved to Ramp as AMEX was unable to scale our limit fast enough.
> Shareholders benefit from the profits via a rising stock price (...)
They really don't. That's not how stock works. Paying dividends is the only way the company's profits get to the pockets of shareholders. The rest is just speculation which nowadays is largely unrelated with performance.
That was my initial reaction though looks like a bit more info coming out that there may be other reasons and the letter may have been written in response to a pending firing. This made the front page of reddit which seems to have turned up some deleted posts.
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Internet stocks were trading at all-time highs in 1999. Housing was doing great in 2006. Any asset being at all-time highs doesn't mean there are negligible risks only that the majority of the market currently thinks there is (they might be right and they might be wrong).
Perhaps, but isn't it also true that the US government itself now constitutes a very large part of the bond market? Rarely do I ever hear the term bond vigilantes any more, maybe because there no longer is such a thing, except perhaps under extreme circumstances.
I'm not 100% sure how to answer the first question. Yes, in a way, but those aren't tradable instruments any more - they're part of the Fed balance sheet. And technically, the Fed isn't government.
Yeah, I know....
This is the point - no more bond vigilantes as in days of yore. Bonds are smooth sailing on calm seas. This signals that everybody's on board with the low rates.
So this signals a lack of concern without deficits/debt.
I think you answered your own question that they will make more money this way, which I'm sure all of their investors and employees holding stock will appreciate.
I believe they are quoted somewhere as saying the ASX doesn't understand tech stories like Atlassian though can't dig up the quote right now.
The difference with Ramp is they are connected to your business bank account and can automatically increase your limit as you grow vs traditional companies like AMEX that require you to manually submit your financials and go through review etc. Also just in general better UI/UX and support etc.
We moved to Ramp as AMEX was unable to scale our limit fast enough.