SQUARE TO IPO AT TWICE THE VALUATION OF $PYPL

Jack Dorsey is going to be CEO of two publicly traded companies once Square IPOs. A little daylight on Square.

They suck and hemmorage money. Annual losses are in the range of $150 million. Combine that with the hundreds of millions Twitter loses and you have the world’s biggest money loser in @Jack (the fuck).

via the S-1 out tonight:

Our business has generated net losses, and we intend to continue to invest substantially in our business. Thus, we may not be able to achieve or maintain profitability.
We generated net losses of $85.2 million, $104.5 million, and $154.1 million in 2012, 2013, and 2014, respectively. As of December 31, 2014, we had an accumulated deficit of $395.6 million. For the six months ended June 30, 2015, we generated a net loss of $77.6 million. As of June 30, 2015, we had an accumulated deficit of $473.2 million. We intend to continue to make significant investments in our business, including with respect to our employee base; sales and marketing, including expenses relating to increased direct marketing efforts, referral programs, and free hardware and subsidized services; development of new products, services, and features; expansion of office space and other infrastructure; expansion of international operations; and general administration, including legal, finance, and other compliance expenses related to being a public company. If the costs associated with acquiring and supporting new or larger sellers materially rise in the future, including the fees we pay to third parties to advertise our products and services, our expenses may rise significantly. In addition, increases in our seller base could cause us to incur increased losses, because costs associated with new sellers are generally incurred up front, while revenue is recognized thereafter as sellers utilize our services. If we are unable to generate adequate revenue growth and manage our expenses, we may continue to incur significant losses and may not achieve or maintain profitability.

If it’s of any comfort to you, the company just raised $150 mill on October fucking 5th, from the government of Signapore. Before that, they were strapped for cash, dying on a vine, and speculated to be up for sale.

Why?

Because Square isn’t a real business. Apple Pay and Paypal will eat them whole like a fucking leviathon.

I am sure the stock will rocket on its first day of trade. After all, Goldman Ball Sachs is an early investor. VCs want the fuck out of this and @Jack is looking to become a very wealthy man.

The point: if given the opportunity, sell short Square whenever possible. Trading at twice the valuation of Paypal, losing money like morons, this unicorn is destined for the tech ipo trash heap, like ETSY, TWTR, YELP and so many others.