[_fizz_buzz_]

> that we’re now targeting $2M+ gross profit per person

That seems really high. Do they have such moat that nobody can move into their space?

[mjr00]

Payment processing is one of the most tightly regulated, and some might say corrupt, industries. Replicating the tech wouldn't be difficult. The social and regulatory part is effectively impossible for anyone who's not already in the inner circle.

[adrr]

Is it hard to break into? Theres tons of tech companies that are playing in that space. Stripe, Braintree, Toast, Adyen, etc.

[melozo]

Ironically Square isn’t good at anything in particular. Square fails to have a good point of sale (Toast wins) and fails for online store fronts (Shopify wins). Square is in a position where they spread themselves thin and aren’t at the top of anything in particular.

[yesfitz]

With light CRM, Staffing, and Banking tools, it seems like Square's strategy is to be best-of-suite for small businesses rather than best-of-breed.

I've never seen Toast outside of bars/restaurants (although they are ubiquitous in that segment). Every other service or retail shop has been Square, especially farmers markets and craft fairs.

[djeekle]

Basically… no vision.

Yeah they’re going nowhere in the long term.

[Fervicus]

Just wait till they start vibe coding more features!

[rbtprograms]

i think they dont have a great moat in their individual offerings, but across square, cash app, and afterpay they offer a pretty good suite of products for the entire transaction stack.