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Finance

Is Gravity Payments a Publicly-Traded Company?

Once Price decided to set the $70,000 minimum salary—even halting his own salary entirely during the COVID-19 pandemic to maintain business stability—Gravity’s employee turnover rate dramatically sank to -18.8 percent. Naturally, it makes sense that the success of the company would follow.

In 2018, Gravity processed $10.2 billion in payments. By 2020, Price said that Gravity usually exceeds $4 million in revenue each month. The company’s expenses pretty much even this out and it manages to squeeze just a small amount of profit from the operation. It seems that this is mainly because of the company’s commitment to paying employees well, providing adequate benefits, and supporting partnerships.

View more information: https://marketrealist.com/p/is-gravity-payments-publicly-traded/

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