&quot;That means sooner or later, they&#x27;ll not only be profitable, but tremendously so.&quot;<p>Says who?  Growth is great, but it doesn&#x27;t necessarily mean that profits are in the pipeline (e.g. Groupon).<p>And on top of that, what exactly is it that Square does that it&#x27;s going to be profitable on?  Is it the Point of Sale devices?  Is it their Square Readers?  Is it their small-business loans?  They&#x27;re not a terribly focused company, and maybe that&#x27;s a reflection of their CEO doing double-time (completely speculation on my part).<p>Personally I see this as their last-ditch effort to grab some cash, to exit before the market gets worse.  Their investors don&#x27;t want to be left holding the bag when the IPO market gets cold, so it&#x27;s better to cash out now while the name Square is worth something than to bet that they&#x27;ll get bigger&#x2F;better in the future.