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Probably the best time, since Square stock is gonna struggle a lot after these next two quarters
by xkjkls 7y ago
Probably the best time, since Square stock is gonna struggle a lot after these next two quarters
- pazimzadeh 7y agoWhy is that?
- likeabbas 7y agoSquare's business model is to allow small, local businesses the ability to let people pay with a credit card easily. They service a lot of restaurants and food trucks. These types of businesses are not doing to be doing well for the immediate future.
- blondin 7y agoconfused by parent comment as well. square is the payment solution and foursquare the location-based app right? not sure why square would be impacted if we are all buying online or through apps.
- sgc 7y agoBecause they focus on point of sale, which is taking a beating.
- holtalanm 7y agosquare also has a large presence in online payment processing, though. not sure what % of their total revenue that is, but just saying, they're not 100% focused on point of sale.
- xkjkls 7y agoYeah, but 80% of it is point of sale, and I'm not sure they even make a profit on all their other efforts yet.
- jurassic 7y agoA big chunk of their business is point-of-sale.
- xkjkls 7y agoAlmost all if you read their 10K: https://s21.q4cdn.com/114365585/files/doc_financials/2019/q4/Square-2019-10-K.pdf https://s21.q4cdn.com/114365585/files/doc_financials/2019/q4...
- hckr_news 7y agoCashApp is still quite useful. Although with people indoors there may be a decline of its usage in that there will be no reason to transfer money between people.
- gnicholas 7y agoI joined CashApp to make use of the coffee shop boost. After that disappeared, I tried adding several other boosts. Each one magically disappeared right before I tried to use it. Uninstalled. If I need to transfer money I have several other options, including "cash," a well-established p2p solution.
- anthonybullard 7y agoInteresting time to choose cash, given its generally considered unsanitary. Maybe time for a different type of money laundering.
- gnicholas 7y agoI don't need any of these right now since I'm not bill-splitting these days. But in ordinary times, cash is just fine. There need not be an app for everything, and the Cash app made itself useless when they started playing games with the boosts (the only benefit to using it).
- chipotle_coyote 7y agoFor those of us who are still bill-splitting (if only delivery and pickup orders in the present moment, granted), the Cash app is still useful for, well, that. That's the first reason I picked it up years ago and I honestly didn't know they had those "boosts" until very recently!
- intuitionist 7y agoIt’s already 42% off its 2020 high, not saying it won’t fall further but it’s not like investors aren’t aware that Square revenues are gonna take a big hit.