4 ms·

about that bubble ...

• potatolicious 15y ago
  Normally I'd agree. Spotify for $1B? Jesus. But, assuming you believe Square can pull off what they're trying to pull off... a billion-dollar valuation is not hard to justify. I mean, these guys could be bigger than PayPal, all things executed correctly that is.
  • blhack 15y ago
    They're paypal for meatspace, which is a bigger market than paypal for cyberspace. They're literally almost the exact same thing. Instead of dealing with merchant accounts, and credit card numbers yourself, you offload it to a third party. In cyberspace this was paypal, in meatspace it will be square.
  • jdp23 15y ago
    Agreed, there's huge potential upside if it all goes well. PayPal was acquired for $1.5B. A $2B for Square (at its very early stage, with a part-time CEO) seems pretty bubblicious to me.
    • chrisedge 15y ago
      I would have to disagree with the comparison of PayPal and Square. I find that there are similarities, but there are much more profits to be found in enabling businesses to bypass the hardship of being able to process cards (which can be both time consuming and costly). I think the valuation of Square to be reasonable, considering that in that they are early-stage and are already processing three million dollars per day (which is increasing). Though the valuation of Spotify at one billion dollars is just plain ridiculous.