Square/Block buy dip?
Based on the Hindenburg research: 1. ~50% fake user 2. Lots of criminals activities on cash app not being action on 3. Highly inflated stock compare with other fintech 4. Inflated metric due to duplicate accounts 5. After pay loss resulting in net loss and negative profitability 6. Double in bad loan with afterpay in the last year 7. Acquired afterpay to avoid legal requirement What do you think is a fair valuation of square? I am thinking around $30. I don’t think these factors are fatal, mostly compliance and security issue, but will definitely hit the stock and lower the growth factor. The CEO definitely knew about it and decided to not to action on it for higher growth metric and better outlook. Is now a good time to buy or join? Will there be layoff in Square?
Violating regulations is a big issue, PayPal and many others may bribe the living sh*T out of regulatory bodies to crack down. Jack is most likely going to step down after a few months (if the accusations are real). The shit show I would say hasn’t started, this is just the beginning.
Dunno man, that company seems shaky and too many competitors these days.
One chart to rule them all
Wat does it mean?
Revenue growth duhh
SQ is a $1.27 stock.
That’s rich coming from confluent 🤡
No don’t buy yet. SEC investigation may happen
There's so much to talk about, but can't 🖖
The arguments are so weak & disappointing by Hindenburg for this one! Cashapp always had those accounts! After pay stuff is nothing new!
50% fake account is a pretty big one though, and the info is not public which could influence the stock greatly, especially consider the stock is overvalued due to its growth factor.
not having any KYC and basically letting people commit fraud easily is big fucking no no, they're risking getting shut down completely, my guess the only reason they continue to operate is that they have a bunch of politicians by the balls