
Stripe, the digital payments platform, has announced it is in 'no rush' to go public despite its cash flow turning positive and its payments volume increasing by 25% year over year to $1T in 2023. The company also reported hitting $1B in net revenue in Q3 2023. Stripe's annual letter highlighted the significant impact of its services, noting that the output of businesses running on Stripe amounts to roughly 1% of global GDP. Furthermore, Stripe's revenue and finance automation suite is expected to surpass $500 million in annual revenue run rate over the next year. The platform's incorporation service, Stripe Atlas, has seen one in six new Delaware corporations starting on it, with the 50,000+ companies that have begun with Atlas on pace to collectively earn $5 billion a year in revenue.
Corporate migration has turned Delaware into Americaโs incorporation capital. But some aggrieved tycoons including Elon Musk are making a case against it. Rival states such as Nevada are hoping that laxer corporate standards will lure firms https://t.co/E34dLef0kt ๐
Thanks a lot to @AlexIsBuilding for mentioning us in his newsletter.๐ https://t.co/Jw5nOlegEO
Delaware fires back at corporate lawyers https://t.co/JkpYCNCJVq








