Square has a habit of wasting a bunch of energy on bad ideas: half the company worked on Square Wallet, which was a dead-end. Half the company worked on the Starbucks integration, which is now known to be a money pit.<p>I sort of think this means that they&#x27;re <i>undervalued</i>. All they have to do is stop throwing time and money away and they&#x27;ll be a lot more productive and profitable.