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Stripe, by the digits

40%: How much Stripe’s internal valuation has been reduced by in the past six months

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14%: Staff cuts announced in November. “We were much too optimistic about the internet economy’s near-term growth in 2022 and 2023 and underestimated both the likelihood and impact of a broader slowdown,” brothers and co-founders Patrick and John Collison in an email to staff announcing layoffs

$12 billion: Stripe’s revenue in 2021

2: Startups valued at over $100 billion globally—TikTok parent company Bytedance and Elon Musk’s SpaceX have both been pegged to be worth around $140 billion. Note: These are investor valuations during fundraising.

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20%: Stripe’s share of the payment processing market, a distant second to PayPal (42%)

60%: Share of new startups choosing Stripe over its rivals

Is Stripe’s IPO coming in 2023?

Business insights provider Crunchbase predicts 2023 is the year Stripe finally goes public. The company filed its intention to go public in July 2021 but hasn’t made any big moves since. In November 2021, John Collision said “we are very happy as a private company,” adding that Stripe was still in the early stages of its journey.

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