Mateusz Slodkowski—SOPA Images/LightRocket/Getty Imagesn 2022, 1 in 10 people worldwide transacted with a business powered by Stripe, according to the company, co-founded by brothers John and Patrick Collison. It’s quite a feat, and part of the company’s mission to “increase the GDP of the internet.
” Stripe’s millions of customers collectively processed more than $817 billion in 2022, up 26% from the prior year. It hasn’t been impervious to—it laid off 14% of its workforce in November, and slashed its valuation from $95 billion two years ago to $50 billion in March—but the payment processor continues to build, adding automation tools and major new companies like Amazon and Ford to its roster.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TIME100 Most Influential Companies 2023: Baby2BabyFor millions of families living in poverty, diapers are unaffordable. Find out how baby2baby decided to tackle that problem and become one of the most influential companies of the year
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: M-KopaFind out why Kenya-based financing platform M-Kopa is one of the most influential companies of the year
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: MattelBarbie is just the first of 14 projects in development from Mattel's new films division
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: Formula OneThe global auto-racing circuit's attendance reached 5.7 million last year, a 36% rise from prepandemic levels. Find out why F1 is one of the most influential companies of the year
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: DiscordLong the top gaming chat platform, discord has evolved into the online forum of choice for many communities. Find out why the chat space is one of the most influential companies of the year
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: Taco BellFast food giant tacobell is a case study in effective marketing. Find out why the company is one of the most influential of the year
Source: TIME - 🏆 93. / 53 Read more »