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Acquired

Costco

7261.511 - 7282.368 Ben Gilbert

They make, what, $7.5 billion of operating income on $230 billion of sales. The credit card companies eat all your profitability if you let them in the door. And so it's a pretty incredible position, toughing it out and doing the hard thing first and then being able to sort of flip to the other side of the table. Yep. Anyway, I love that point on the payment processing.

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