And yanno what, I really don't want to hear all the “oh I'm sure they did financial analysis before making this decision!” because you know what, no business is immune from making the wrong decision. (heck, bud light is still realing in from a huge loss of sales!)
The bottom line for revenue is that Amex paid them for every swipe in, and they just limited that HEAVILY… I'll be surprised if they make 20% of the revenue on that channel for 2024 – pair that with the status changes and already too many people are saying bye-bye.
I'm now bearish on the stock and pulled out of it – I reinvested the money elsewhere.
Anyone else?
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