Q: Hi team,
I have been in SQ now for over 6 months and quite happy. Last night, PYPL bought iZettle, a Swedish payments company that is in competition with SQ. I guess good and bad about this for SQ. The bad part (for me anyway) is that PYPL did not buy SQ as that was speculated as a good possibility for some time. It also makes PYPL a stronger competitor for SQ. The good part I guess is that PYPL’s push into this segment endorses the “bricks and mortar” payments side where others are lukewarm about this segment but SQ has a strong presence. What is your view now about the competitive landscape for SQ and does this make a bid for SQ by another candidate more or less likely? I know you guys don’t like speculating on takeovers (except for SPOT, lol).
Thanks again,
dave
I have been in SQ now for over 6 months and quite happy. Last night, PYPL bought iZettle, a Swedish payments company that is in competition with SQ. I guess good and bad about this for SQ. The bad part (for me anyway) is that PYPL did not buy SQ as that was speculated as a good possibility for some time. It also makes PYPL a stronger competitor for SQ. The good part I guess is that PYPL’s push into this segment endorses the “bricks and mortar” payments side where others are lukewarm about this segment but SQ has a strong presence. What is your view now about the competitive landscape for SQ and does this make a bid for SQ by another candidate more or less likely? I know you guys don’t like speculating on takeovers (except for SPOT, lol).
Thanks again,
dave