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Square has proved they can build something people want, but they haven't proved it profitable.
by dreamdu5t 15y ago
Square has proved they can build something people want, but they haven't proved it profitable.
- ryannielsen 15y agoHow do you know they're not profitable? To the best of my knowledge, they've never released any public financial statements. Usually when you're in the business of receiving and vending money, profits come naturally. Now, whether they've reached volume necessary to actually be profitable is a fair question but I have little doubt they've got a clear and well defined path to profitability if they aren't already there now.
- ThomPete 15y agoAnd you don't think that given they are going for a two billion dollar evaluation, if they were profitable, that would be well known?
- ryannielsen 15y agoNope. As a privately held company, they have zero interest in making their balance sheet public. They obviously have little trouble getting investment or making deals and have little to gain from publishing their finances.