- MemberMay 20, 2020 at 6:04 am
Hi everyone, I wanted to know if anyone has an opinion on SQ. Their CEO is Jack Dorsey and the company has over 2 billion dollars in cash and cash equivalents. They were also recently FDIC approved to be a bank. Anyone know anything else about them and if you would recommend buying?
- MemberJuly 23, 2020 at 8:34 pm
Hi! I am also interested in hearing other people’s opinions on square. I bought in mid-April and am wondering if anyone thinks square is a bit overpriced now (~ $125)? Is it still a good idea to add to my position at this price? Should I wait? I’m a new investor with a long time horizon for investing.
- MemberJuly 24, 2020 at 10:47 am
They are my 2nd biggest holding after Tesla. I think they have an awesome future. The price is tricky…I know Covid has hurt them as far as brick and mortar plays for their small business side. Their cash app has been gaining and has recently passed VennMo from what I read. ARK is big on fintech and they like them and PayPal. I like that the cash app lets people buy everyday things (like a meal at chik-fil-a) as well as shares in companies (a la Robin Hood) as well as bitcoin. I see them as being subject to market conditions like everyone else, but their future is bright, they continue to make acquisitions (verse in Europe) and I’m not worried about them at all long term.
- MemberAugust 15, 2020 at 8:32 pm
SQ is going to be a growth monster even though it may look overpriced right now. I believe that they can change how loan underwriting is done because they have all the data about your spending habits. They’ve built this as part of their tech from the ground up and have really good people on the SQ Capital arm of the company. I think it’s been their strategy to become more like a bank rather than a pure payment processor.
You can think of Stripe going after visa/mastercard market share while Square is trying to become the next JPMorgan.
- MemberAugust 17, 2020 at 8:43 pm
+? to the SQ bulls above. I like the business, i like their CEO Jack, their culture and above all I really like their products and what it enables. Solid design, branding with tons of future potential. Even if it’s a competitive space I believe they have more than what’s needed to stay ahead. ?
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