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News in brief

Square’s finances revealed

News in brief

Mobile point-of-sale provider Square lost US$100m in 2013 but is making a 34% gross margin on its processing business, according to leaked internal documents seen by Fortune. “Its losses are largely the result of the heavy investment it is making in new products,” the report says.

Filed by Email Sarah Clark Published • Last updated 16 May 2014, 12:40

  • Guest

    No crap, anyone on payments with connections has know Square has been F’ed for at least 5 months now.

    • NFR

      And the smart ones knew they were screwed from the start.

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