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> that we’re now targeting $2M+ gross profit per person That seems really high. Do they have such moat that nobody can move into their space?
by _fizz_buzz_ 7mo ago
> that we’re now targeting $2M+ gross profit per person
That seems really high. Do they have such moat that nobody can move into their space?
- melozo 7mo agoIronically Square isn’t good at anything in particular. Square fails to have a good point of sale (Toast wins) and fails for online store fronts (Shopify wins). Square is in a position where they spread themselves thin and aren’t at the top of anything in particular.
- Fervicus 7mo agoJust wait till they start vibe coding more features!
- djeekle 7mo agoBasically… no vision. Yeah they’re going nowhere in the long term.
- yesfitz 7mo agoWith light CRM, Staffing, and Banking tools, it seems like Square's strategy is to be best-of-suite for small businesses rather than best-of-breed. I've never seen Toast outside of bars/restaurants (although they are ubiquitous in that segment). Every other service or retail shop has been Square, especially farmers markets and craft fairs.
- mjr00 7mo agoPayment processing is one of the most tightly regulated, and some might say corrupt, industries. Replicating the tech wouldn't be difficult. The social and regulatory part is effectively impossible for anyone who's not already in the inner circle.
- adrr 7mo agoIs it hard to break into? Theres tons of tech companies that are playing in that space. Stripe, Braintree, Toast, Adyen, etc.
- rbtprograms 7mo agoi think they dont have a great moat in their individual offerings, but across square, cash app, and afterpay they offer a pretty good suite of products for the entire transaction stack.