[adventured]

Stripe is overvalued by about 10x judging by Block and PayPal.

Best case scenario: Stripe gets larger, gets bloated, slower, eats some competitors, becomes their competitors. The street presses down on their valuation as their growth races toward single digits. Congratulations.

Block is fetching ~13 times op income. PayPal is fetching ~7 times op income.

[SkiFire13]

Not sure about Block and Paypal, but AFAIK a good portion of transactions on Stripe are made as part of recurring subscriptions or similar. Those can't be migrated to other services easily, so for the time being Stripe will likely continue profiting from them and from the growth of whatever businesses use it for such subscriptions.

[master_crab]

And it’s still private. So no proper price finding has occurred yet.

[adventured]

People always want the upstart hotness. Look at the shiny growth (which is meaningless if they're just going to end as a slow growth obese giant anyway, it's all rinse & repeat).

Maybe Stripe sees the end writing on the wall and they're going for it while the bubbly action is there.