+0.0
net board stance
what this means
11.43
-3.8% · close 2026-09-08
+7% / +20% / -30%
1m / 3m / 12m
-63%
vs SPY since 2023-08-18
28%
of 52w range · -34.9% off high
—
hit rate as primary
Where we stand — 0 live ideas
No active idea holds this ticker. Anything below is history.
Where the winds are blowing
NET BOARD STANCE, LAST 47 EPISODES —
rising = the besties are building this position, falling = abandoning it. Replayed from
score_events; an idea counts from birth until its window closes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × the idea's direction × strength, so supporting a bearish idea pushes down. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on ADYEY
No closed window has used this ticker as its primary play, so there is no scored record here yet. Adjacent plays are listed but never scored.
| idea | call | play | verdict | R | α | closed |
|---|---|---|---|---|---|---|
| 📈 Payment processors are middlemen with no pricing power | ▼ SHORT | adjacent | MISS | -14.4% | -43.1 | 2024-08-18 |
The tape — what was actually said
every capture on any idea holding ADYEY, newest first · quotes verbatim, timestamps deep-link into the episode
Sacks
support ×3
▼ on
📈 Payment processors are middlemen with no pricing power
E163 · 2024-01-26
▶ 1:22:30
your real margin, your real gross profit on that transaction is 25 basis points, 10%. So really, of your 25 million of revenue, you only have 2.5 million of true net revenue.
Chamath
support ×3
▼ on
📈 Payment processors are middlemen with no pricing power
E151 · 2023-10-27
▶ 41:25
And so since August, what you've seen are the large leading edge public fintech companies just get absolutely murdered
Jason
oppose ×1
▼ on
📈 Payment processors are middlemen with no pricing power
E142 · 2023-08-18
▶ 1:27:03
this could be the buying opportunity for a lot of these equities if you believe in them long-term. I saw Dan Loeb is placing a bunch of bets. He bought some Uber, he bought Nvidia.
Chamath
support ×3
▼ on
📈 Payment processors are middlemen with no pricing power
E142 · 2023-08-18
▶ 1:25:25
The thing to remember about all these businesses, Stripe, Adyen, PayPal, is that they're middlemen businesses, which by definition means that they don't have pricing power... So your margins over time tend to be compressed and over time your share of profits tend to be compressed and you have to give up a lot... So the real takeaway is that this is a very tough, tough business that is a race to the bottom.