Square Stock Is the Amazon of Financial Services
Square (NYSE: SQ) and Amazon (NASDAQ: AMZN) have more in common that one might think. To be sure, Amazon has grown into one of the largest companies in the world. Square, on the other hand, is only a few years removed from start-up status.
However, like Amazon, it continues to build on an extensive ecosystem. As it unites several sectors of finance that had operated separately, it appears poised to offer the level of convenience in the finance industry comparable to what Amazon brings to retailing.
One thing both Square and Amazon have in common is the difficulty in classifying the companies. Amazon has expanded far beyond retailing, and many debate whether to consider it a tech or a retail stock. This differs from Square, as every part of the company involves financial transactions on some level. Nonetheless, one could debate whether Square is a financial stock or a tech stock.
Source Fool.com
