2 ms·
I think its amazing Square could do an IPO at all - $2.7B is an insane valuation for a company that hasn't proven a scalable business model. Frankly, its sort
by outside1234 11y ago
I think its amazing Square could do an IPO at all - $2.7B is an insane valuation for a company that hasn't proven a scalable business model.
Frankly, its sort of irresponsible and short sighted for VCs to take something like Square public. It will have all sorts of repercussions on real businesses that want to go public in the future.
- chmaynard 11y agoAgreed. It looks like Square will soon be competing head-to-head with Apple. Both companies want a big slice of the payments business, and they're going to be competing for the same customers. Any investment in Square is very risky, public or private regardless of the price.