Marc Hochstein (@MarcHochstein) July 25, 2012
VeriFone CEO on Square’s Latest Funding Round? ‘Pets.com’
Square has been battling competitors for the past several years and has successfully created a business out of providing card acceptance for casual users.
When asked about the news and speculation that Square could rival VeriFone’s size with only about a tenth of the sales, and no real profits, VeriFone chief executive Doug Bergeron responded with two words: “Pets.com” — referring to the over-hyped dot-com that crashed and burned in 2000. (A Square spokesman declined to comment.)
(@Techmeme) July 27, 2012
From Business Insider:
Kara Swisher (@karaswisher) July 27, 2012