That's fair. 3x valuation growth in the last 5 years is tech company level. More or less the same trajectory as GOOG and FB.
It's not Stripe or Airbnb level growth, however.
It's not Stripe or Airbnb level growth, however.
my point is that it's clearly not a dying dinosaur of a company. if anything, Visa has too much power in our financial system as more transactions are non-cash and non-ACH based.
FB and GOOG own a part of the internet traffic. Almost all of the worlds internet payments goes through VisaNet and is the fundamental processor of these internet payments and have been profitable for years.