Fast layoffs coming ?

Google
gacebook

Go to company page Google

gacebook
Mar 30 24 Comments

https://www.theinformation.com/articles/stripe-backed-fast-puts-job-cuts-on-the-table-as-it-tries-to-raise-money?utm_source=ti_app

24

comments

Want to comment? LOG IN or SIGN UP
  1. TOP
  2. RECENT
  3. OLD
 TOP 24 Comments
  • Square
    IwTu60

    Go to company page Square

    IwTu60
    500 employees and 600k annual revenue. Yea they gonna be some layoffs.
    Mar 30 0
  • The whole fintech space is overbought . IMO there's no reason why stripe should be worth 100B already (right now)

    There's only a finite amount of financial transactions happening in the world when it comes to % of world gdp, and the fees have been always the same for years now.

    Every new financial transaction these days could just be a fraction of a larger one, but the fee intake is the same as it's based on % of the volume.

    Plus spending is about to go down as were going into recession. So whoever was the lead VC behind the TAM analysis for this space was an idiot back then, because it's cyclical and tracks business cycles
    Mar 30 2
    • New
      be-strong

      New

      be-strong
      Fintech startup space, yeah. Thr duopoly visa and mc will probably be okay
      Mar 30
    • Yeah that's what Im saying.

      There's too much reinventing of the wheel in this space. I bet blockchain's best use won't even be finance

      At the end of the day you just need transaction clearing and chargebacks, and you need to do it as cheap as possible. At some point you reach diminishing returns.
      Mar 30
  • Databricks / Eng
    Zelenskyy

    Go to company page Databricks Eng

     Zelenskyy
    The guy in charge is apparently super shady.

    https://www.abc.net.au/news/2018-06-15/court-orders-tow-company-owner-to-surrender-data/9871944

    https://www.npr.org/2022/02/17/1081201040/domm-holland-fast-stripe
    Mar 30 1
  • New
    iHkY53

    New

    iHkY53
    I actually interviewed for this company. I pointed out security issues and that they are breaking some US laws by not asking for permission to the customer before using the data.
    I got a radio silence and a rejection!
    Mar 31 2
    • New
      rCQT28

      New

      rCQT28
      Whistleblow
      Apr 5
    • New
      iHkY53

      New

      iHkY53
      They are simply treating guest as member without taking any permission
      Apr 5
  • New
    kd8d3f

    New

    kd8d3f
    bUt tHeYrE bAcKeD bY sTrIpE!!!!!!!!!
    Mar 30 0