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Also in your "leaked slide" where "they're burning cash at an enormous rate" one can clearly see that revenues exceeds costs. ie. making money?!
by ErikHuisman 14y ago
Also in your "leaked slide" where "they're burning cash at an enormous rate" one can clearly see that revenues exceeds costs. ie. making money?!
- gsibble 14y agoDo you have any idea how to read a chart? Do you see that "operating loss" light red colored area there? If the slide is to be believed, the aggregate cost of Square's transactional fees (the orange part) and their operating costs (the dark red part) is higher than their revenue (the blue part). That means they are operating at a loss of about $150k per day as of April of 2012. And it's accelerating. Feel free to correct me if I am wrong. As for the source, the slide was on TC and the report is available with a subscription at https://intelligence.businessinsider.com/welcome https://intelligence.businessinsider.com/welcome. I can't verify it, but everything I have seen/know about their revenue model makes it look genuine.