They've made some questionable business decisions to spur growth and are being called to task. They haven't seemed to be able to grow effectively without deals like that, and the sector is becoming crowded.
That deal has been heavily touted as a terrible deal for square for years. As such was priced into the IPO price as well as the current valuation. That is basically the only bad deal you can point to that they are in.
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They've made some questionable business decisions to spur growth and are being called to task. They haven't seemed to be able to grow effectively without deals like that, and the sector is becoming crowded.
Here's one example: http://money.cnn.com/2015/10/15/technology/square-starbucks/
That deal has been heavily touted as a terrible deal for square for years. As such was priced into the IPO price as well as the current valuation. That is basically the only bad deal you can point to that they are in.