Here's How Fast Square Is Growing

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Tuesday, June 19, 2012 Here's How Fast Square Is Growing Square, the payments startup run by Twitter cofounder Jack Dorsey, is growing payments volume at a runaway clip—still. Since we last checked in March, payments processed per day have soared 50 percent. For Square, payments volume is a very close proxy for revenues: It takes a 2.75% cut of most transactions, which it then splits with Visa, MasterCard, and the banks. The company has 330 employees at last count. We don't believe it's profitable yet, but at these growth rates—20 percent in the last two months—it could easily make money if it chose too. We think instead it's going to keep spending to acquire small-business customers. We did a simple linear-regression curve to see where Square might be in a year's time. This is a crude forecasting technique, but it shows that Square could easily top $10 billion a year in payments by mid-2013 just by staying the course. If Square raises more money and invests more aggressively, that could easily change the picture. Follow the Chart Of The Day on Twitter: @chartoftheday Read » Also On SAI Today: How 22-Year-Old Kelsey Falter Went From Collecting Pennies To Founding A Hot NY Startup MICROSOFT: Okay, Fine, We Admit It--Apple Was Right* It Turns Out Facebook's Mobile Ads Are Clicked On Much More Than Its Web Ads Why Microsoft Was Forced To Make A Tablet Advertisement CHART OF THE DAY: If Merchants Hate Groupon So Much, Why Do They Keep Coming Back For More? CHART OF THE DAY: Google Completely Dominates Mobile Search CHART OF THE DAY: If You Think The Mobile Ad Market Is Going To Be Huge You Need To See This Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the SAI RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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