Square's Valuation Bubble
Square went public today, raising $243 million, a price that values the company around $3 billion. That's about half the $6 billion valuation it received during it's last funding as a private company.
This is a good reminder that the high valuations of some startups might not be accurate. Of course, that's the nature of the startup scene, but a 50% reduction in valuation after going public is a slap in the face.