The company has moved beyond the realm of the high-tech cash register to start offering a suite of services for small and medium-sized businesses. For example, its Square Capital program hands business owners a one-time cash advance in exchange for a cut of sales in the future. The company also runs a peer-to-peer payments service called Square Cash, which competes against PayPal and PayPal's Venmo, as well as Google Wallet. The SEC filing comes more than a year after The Wall Street Journal reported that Square was considering a sale, due to mounting losses and a shrinking cash pile. A Square spokesman at the time denied that the company ever seriously considered selling itself.
With the private company's financial picture now publicly available, the Journal's report proved correct that Square iphone screen protector in apple store has faced substantial losses, Last year, the startup was $154 million in the red, compared with a $104.5 million loss the year earlier, However, revenue jumped 54 percent last year to $850.2 million, with transaction revenue making up most of the total, The company's cash stockpile was nearly $200 million as of the end of June, Square plans to add to that cash with the IPO, looking to raise roughly $275 million, according to Wednesday's filing..
The gross volume of payments Square processes reached $23.8 billion last year, up 61 percent from a year earlier. Rival PayPal, which recently spun off its parent eBay, reported $227.9 billion in total payment volume last year, up 27 percent. The IPO is expected some time this year, though no date has been set. The number of shares to be offered and the price range haven't been determined. Dorsey, whose salary last year as CEO was $3,750, owns nearly a fourth of Square, while venture-capital firm Khosla Ventures owns 17.3 percent.
The startup intends to trade under the ticker symbol "SQ" on the New York Stock Exchange, Mobile-payments company Square on Wednesday revealed its plans to go public, putting in motion what should be one of the biggest and most-anticipated tech initial public offerings of the year, The 6-year-old maker of credit-card reading devices was expected to make such a move for months, Reports came out over the summer that the San Francisco-based company filed confidential paperwork with the Securities and Exchange Commission as part of its IPO plans, The new SEC filing Wednesday provided a major step toward an IPO and the first public financial picture of iphone screen protector in apple store the startup..
Available in the US for $140 prepaid from T-Mobile, and around £65 in the UK and roughly AU$149 in Australia, the LG Leon is an extremely affordable smartphone that sports a 5-megapixel camera, a quad-core processor and Android 5.0 Lollipop. Measuring 5.11 by 2.55 by 0.42 inches (129.79 by 64.77 by 10.67mm), the device is compact. However, its control buttons on the rear bulge out a bit, making it thicker around the back-center area. With its 4.5-inch display, the handset is small and pocket-friendly. Its screen has a 480-pixel resolution with 218 pixels per inch.