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"The square is the latest out of coming to come up with a nice big valuation looks like it's a batteries 200 million dollars. Which would give it a nice whopping valuation of six billion dollars -- from the back of Bieber snapshot of others -- Even if it's this is that a pants companies to -- well -- for having this this builds as the -- good -- just like Smartphones and tablets these -- restaurants and we markets again for people who since it's it's been around -- 23 established title -- -- that. This is great for the -- not really it was square as an square was the company's the year means that two years ago right. I'm everyone is going crazy about Jack Dorsey again Twitter he's found this company to it it is growing really quickly hats and big Patrick Apple's behind it. The problem is that it's kind of stalled a bit. Other companies and entered the market seemed like Amazon just entered the market PayPal as do the same thing. Net charging less trying to charge a little bit less as a squares. Big thing was that it's easy to use it it's only two point 75% -- -- transaction that's could -- exploit -- it -- the -- if you competitive you will we might pay on credit card -- over the merchants trust but -- -- much since the big machines have these bigger platforms they gonna pay for it -- 3% it -- it did that and small transactions they paid squares cheaper yeah. But now you can go to Amazon taking their pain on pain unless the other question is that case that's not great for them. I think is the company lost about a hundred million dollars last year -- growing it's just -- -- 500 million when he gets drunk and and it's growing this thing is they're losing more money end. It it seems that the company's control because they're they're just expand -- all these sorts of different businesses now they're getting to online scheduling they're getting they're they're doing. Reservations for restaurants they're giving analytics they're doing business lending for small -- the child injectable trades full. Things to Jack -- vultures -- We should Poland and unfortunately they're kind of master of none of kind of and it's. And so that they think -- that valuation -- is the case they've they've got a sixteen valuation looks really nice but think about it a whole bunch. These other companies which you know. If square was that company of the moment two years ago Weisel Cyprus six billion you can companies like Hoover air being be snapped chat. Over ten million. So ten million is the -- dean dean dean moderately excited you -- marketable in ten billion and you bat yet you count in Silicon Valley and fortunate I was to be counted. The other thing is that of of course that they've only raised 200 million it's it's easy to get nice high valuation of these soldiers that small -- not just because that which again is all these other company isn't done. It's a good reason to get into -- usually because it's just get an -- valuation -- us and anchors have given -- -- -- six billion -- -- some -- twelve billion and it in the Nokia and -- did anyone invest -- say -- well it looks like a big valuation at 61012 -- -- money putting in tune of millions and it's manageable yet that the problem of course is that square because burning a lot of money. 200 million they made probably need to cash -- could should the company of raised more money. I would. Are you it's probably partly because that's -- you know they trying to get into the -- is up and up and running cost money that we burning cash exactly you want and they -- big buffer. On the 200 million -- count. Two and a half well rob thanks so mystery that and will be back next week with more breaking news."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.reuters.com/video/2014/08/29/breakingviews-not-so-hip-to-be-square?videoId=341699812&videoChannel=117766&channelName=Breakingviews>