"In the past year, Square has grown from approximately 150 employees to more than 400, says the company, and has plans to employ nearly 1,000 people by the end of next year." -TechCrunch

What is it with the massive pre-profitability hiring binges? Twitter did it, Zynga did it, GroupOn did it, now Square.

By any accounting, 1000 full-time employees is $200,000,000 in ongoing annual cost. Doesn't sound frugal to me. What am I missing?

(Note, Google grew explosively, too, but waited until after the IPO and well after it could do so profitability.)
Shared publiclyView activity