From the wire 2025-12-30
Two crumbs on the wire for our first newsletter
Stripe’s shopping spree continues.
$1B (estimated) for Metronome, the fourth prey in the last 12 months. Usage-based billing isn’t optional anymore when your customers are AI labs torching tokens.
"I’m excited to announce that Metronome has signed a definitive agreement to join Stripe."
In contrast, Polar flew the Stripe nest
Migrated everything off Stripe Billing into their own infrastructure.
Big news! Polar no longer runs on Stripe Billing ✨, still charging 4%, but now they hold the keys to the billing logic.