Well, the NASDAQ[0] and DJIA[1] are both off 3% for the day right now, along with every other index around the world. Or, to talk about price movements that are probably a bit more noteworthy, crude oil futures on NYMEX[2] are down ~7%.<p>It's been kind of a (minor) bloodbath so far in the markets today. So, a 10% drop for a young, growth-oriented company is not terribly surprising on a day like today, I'd think.<p>0: <a href="https://www.google.com/finance?cid=13756934" rel="nofollow">https://www.google.com/finance?cid=13756934</a><p>1: <a href="https://www.google.com/finance?q=INDEXDJX%3A.DJI" rel="nofollow">https://www.google.com/finance?q=INDEXDJX%3A.DJI</a><p>2: <a href="http://www.marketwatch.com/investing/future/clg6" rel="nofollow">http://www.marketwatch.com/investing/future/clg6</a>
All the food trucks, street and market vendors, estate and yard sales, handymen, etc I see accept credit cards using Square. If they figure out how to hang on to this market and grow as these little vendors grow then they're in good shape. Being down 10% when the Dow is down 400+ points for days on is not unusual.<p>The big question is - who is Square competing with.
For comparison, Paypal is down 5%, Capital One is down 5.24%, Intuit down 2.24%, Visa down 3%, Amazon down 4.4%.<p>Not to say that a 10% drop isn't notable, but the whole market is taking a beating today.
Everything is down. This is almost certainly related to macro signals and not Square itself. Smaller cap stocks tend to have higher volatility and will normally take a heavier beating than larger cap ones.
Someone with a little more knowledge of financial markets, help me out here. Is it really news if a tech company's stock drops 8-10% on a day when NASDAQ is down over 3%?
Shopify is down more than 50% from its high and below its IPO offering price as well:<p><a href="https://www.google.com/finance?q=NYSE%3ASHOP" rel="nofollow">https://www.google.com/finance?q=NYSE%3ASHOP</a>
Can someone help explain what this means? Is there something about Square that we can attribute this to? Did they make a mistake? Were they overvalued to begin with?<p>I've spent the last year trying to understand the whole private-to-public process and I'm curious what this means for Square and other companies like Etsy who are experiencing the same drop in stock price.
To be fair, google is tanking too <a href="http://www.google.com/finance?q=goog" rel="nofollow">http://www.google.com/finance?q=goog</a><p>Whole market is going nuts over the possibility of $10/barrel oil and overly strong US dollar
As stock market valuations of recently public companies like Square go, so do private market valuations of pre-IPO companies.<p>In other words, as you read this, unicorn valuations are getting less "unicorny," so to speak.