The Ledger
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Rampell: Durbin Amendment debit fee caps created financial tailwinds for Stripe and Square
“And if you actually look at some of the financial results of somebody like Stripe or Square, they have this great tailwind from the fact that debit interchange went down dramatically.”
Square's IPO priced below its final private round and triggered investor ratchets
“You have an IPO that prices at a price that's below where the last private round. It also happened to have this, you know, feature that we've all talked about before, which is this concept of a ratchet, meaning, you know, in basic terms that the kind of invest…”