Just last week Square was trying to convince investors it was worth $1 billion.
Now, it’s upped the price to $2 billion, reports Sarah Lacy at TechCrunch.
That would put it in line with Pandora’s public valuation, and ahead of other recent entrants into the billion-dollar club on AirBnb and Spotify.
The company has been showing some pretty spectacular growth lately — for instance, in April it was processing $2 million a day, and now it’s above $3 million.
The report says that investors are mixed whether Square is worth $2 billion or not.
We’re hearing that a lot about startup valuations these days — without a look at the books and some confident predictions of future cash flow, nobody has any idea what Square or any other startup is worth. Place your bets.
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