WSJ: ‘Mobile-Payments Startup Square Discusses Possible Sale’

The WSJ:

Square recorded a loss of roughly $100 million in 2013, broader than its loss in 2012, according to two people familiar with the matter.

The five-year-old company paid out roughly $110 million more in cash last year than it took in, according to two people familiar with the matter. Over the past three years, the startup has consumed more than half of the roughly $340 million it has raised from at least four rounds of equity financing since 2009, two people familiar with the company’s performance said.

I’m sure they can make it up on volume.

★ Monday, 21 April 2014