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by upupandup
1419 days ago
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At first glance thought this was a case of a zealous flagging system but upon careful re-reading, I realize this doesn't seem to be an isolated case meaning this guy isn't the only one that had this happen. Which makes me question just how credible Stripe's market valuation is. It's far likely that as we exit the era of cheap capital and expensive debt, the dominoes have begun to fall and companies are doing everything they can to horde cash. Especially when margins are razor thin. I could be wrong but this is NOT a good sign. Any other payment processor that pulls this will immediately be sued, so why are they risking this knowing that TOS isnt the law? |
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What are you talking about? PayPal has been doing this, and worse, for a little over 20 years and has a $100B valuation on the public markets.