Square stock earnings
The past 3 quarters, it fell after earnings release. Even with earnings beats. will it be different this time around?
Only loser in my portfolio Avg 76 Will write it down as loss at the end of the year
I don’t know that they have any real competitors in their space. And their suite of products are really good. Why is it not a solid company?
Wat? Shopify, Stripe, and PayPal are huge competitors. Toast, Revel, and a slew of others are also starting to become competitors
None of them have the whole suite of services that square has... but I might be thinking of my own use cases only.
No, we'll most likely see yet another quarter of slowing GPV 1-2% YoY that is going to continue to worry investors (and me).
What about the future of cash app? Dorsey seems to be focusing all his effort there, but they’re burning money on trying to get the payment network effects, no?
Cash apps future, while exciting, is something I'm not bullish on. It's built on deceptive marketing hype (i.e. paying Travis Scott $100k to "give out $50k" on Twitter) that attracts people with low income and no real purchasing power. Let's be real - most people on cash app is because they use it for the coffee boost or because they tried to get $5 from a celebrity handout. All the "growth" is the team looking at sign-ups, patting themselves on the back without looking at other statistics, and sniffing each other's farts. In theory, the "network effect" could be great. If people use the cash card at a square POS, then square can charge the merchant 2.6% + $0.10 (or whatever it was changed to) and pocket it entirely. However, there's not really a reason for people to change their everyday credit card to Cash App, especially when you have swanky rewards credit cards out there. Doubly so since Square has paid for every single boost (except DoorDash) out of pocket exclusively. It's not a proven business model that we can get other businesses to front the cost of the Boost. It's just smoke and mirrors chasing a fad for a few years before people realize "hey, if your target audience are people who can't afford a regular bank account maybe they actually don't have enough money to spend and generate money through swipe fees".
I believe it will fall again !
I believe I can fly.