Square—Twitter founder Jack Dorsey’s other company—is one of the high flyers in the race to reinvent how we pay for things. The San Francisco company’s stock is up 80% in the past year, and that’s even after coming down from highs reached in September.
Square’s valuation has soared so much, short sellers are parsing its financial reports for reasons to bet on a decline in its stock price. Square turned a profit in the third quarter, but there’s a big asterisk next to that figure. Read on to see what else we found in the company’s most recent earnings report.
Square’s net income gain would have been a $17 million loss without the sale of Eventbrite.