3 ms·
Why is that?
by pazimzadeh 7y ago
Why 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...