A tale of two Squares

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Square Inc.: “I’ve going to give you the two Squares. There’s the Square from the point of view of the businessperson, and they are spending a lot of money to be able to win in the arms race. And then there’s the Square from the point of view of the stock, and people say they’re spending too much money to win the arms race. So what I’m going to say is don’t buy.”

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