$Block (SQ.US)$ How is this company not a scam? Its financia...

101683953 : Mind to share more please?

韭菜变主力 OP 101683953 : Over 12B goodwill in its lastest filing, making P/B  suspiciously small. Apple’s goodwill is less than 50B.



Bitcoin trading volume is counted as revenue, bizzare.



Stock-based compensation is too much. Here I even can’t describe SBC as pecentage of revenue since that latter is artifically large.

Master Corgi : What are you smoke? lol

baekyewsonnyang 韭菜变主力 OP : what are u talking about? just because its a smaller company does not mean it can’t have high goodwill figures. block acquired so many companies and integrated them into its own built-up ecosystems. that itself comes with intellectual property, trademark and copyright rights they absorb.

where did u see that they count bitcoin trading volume as revenue? as far as I know, they only provide the sale for the cryptocurrency - how would they even quantify trading volume as revenue?

SBC is always going to be a cheaper form of acquisition for growing companies - look at Microsoft’s acquisitions - why do u think these big companies acquire with >90% cash?

if you don’t understand fundamentals, don’t shame the company.