Lou Whiteman

Yeah, the valuation is really interesting.

I'd love to know that in the time of a deal, whether or not PayPal shareholders would agree with that valuation.

Yeah.

I mean, the great thing about the public markets is that all of the buyers, all of the sellers, the sheer mass of people, that's how you get to price discovery.

So, yeah.

But that's neither here nor there.

Look, Stripe is a really, really good business.

They have been a great success.

But this would be an interesting deal for a couple of reasons.

For one, I don't know what antitrust would think of this.

I think it probably gets through with regulators, but I don't think they would like it.

Secondly, Stripe,

has sort of made its mark as being the agnostic rails for payments, for them to basically get into competition with a lot of their customers.

I don't know how that would go over or what that would do.

Again, opportunistic is so important here.

This is how Stripe could go public.

That would be a really, really complicated deal.

I think it would be easier for them to just raise gobs and gobs of cash, maybe through debt, and then do an offering afterwards.

I am personally dismissive of the idea of a reverse merger to take Stripe public.

But look, again, how much of this is Stripe actually saying we need to buy this and how much of this is just seeing a decent asset marked down and just saying, hmm, that's interesting.