Thats not bad for a mature business like paypal

I mean it's not like Stripe was founded yesterday. Stripe: 2010 Paypal: 1998

I'd argue that 99% of the "internet gdp" happened after Stripe was founded

I’m not the most well versed but isn’t that still insane to be 4x valuation of PayPal? Maybe it’s more PayPal valuation being crap vs Stripe being too high. Adyen is close to PayPal with a PE of 30 (vs PayPal’s sub-10) and Adyen like PayPal is close to being back to its IPO level.

PayPal seems crazy when it has acquired businesses like Honey (probably hasn’t helped) and Braintree/Venmo since then. Pretty funny PayPal was spun off as the better growth stock but eBay has tripled since then and their market caps are the same now.