I feel so bad for this poor little injured, piece of fucking shit unicorn. I hope it trades from 9 straight to zero. Apparently, this is a 56% discount to the last round of financing. DOWN ROUND FOR YOU (soup Nazi voice).
The steeper discount to $9 – a 42 percent drop from a year ago – suggests widespread uncertainty about the profitability of the payments industry and the future of Square itself, which has seen slowing revenue growth.
The weaker price set on Wednesday puts Square’s market capitalization at $2.9 billion, a far cry from the $6 billion valuation it had earned from private investors.
“The way that Square was valued as a private company is they were just going to disrupt everything and change payments,” said Andrew Chanin, chief executive officer of PureFunds, an exchange-traded fund that includes mobile payments companies. “And the reality is not that.”
Square has raised $243.5 million in its Wall Street debut, about $80 million less than expected.
What will @Jack do? If I were him, I’d fire myself from Square and go full retard into Twitter. Square is, essentially, doomed. Companies like PYPL will eat their lunch, make them regret ever coming public.
The world of Frederick Wilson is fracturing, ever so slowly.
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Great line, literally LOL’d. Thanks, great start to my morning. “I feel so bad for this poor little injured, piece of fucking shit unicorn. I hope it trades from 9 straight to zero.”
I try my bestest
Who the heck wants to screw around with a dongle sticking out of their ipad? Having said that I do not yet trust phone to phone payments so I go to the farmers markets with cash. Extra NCR
And……back to $14
In the immortal words of a real shitty rock n’ roller: “It’s hip to be square.”
Hmmm seems like a good day for me to post my Analyst Report about PYPL…