Remember Amazon went public in &#x27;97 and took another 4-5 years to turn a small profit. To answer your question, smart investors are more concerned with the long term strategy than whether the company is turning a profit in the present moment. It is far from uncommon to raise a bunch of capital from the public market to invest in growth.<p>This is not a comment on Square&#x27;s <i>prospects</i>, but their business model is clearly one that is betting on getting to very big scale before turning a profit.