Square started out in 2009 by selling flexible and affordable payment card readers to merchants so that they could accept non-cash payments. I’ve been bullish on Square for a long, long time - and my bullishness hasn’t wavered over that time because Square has continued to impress me with its relentless innovations. Square acquiring Tidal emphasizes that this innovation prowess remains as vigorous as ever - which, of course, sets the stage for Square stock to continue to outperform in the coming years.īig picture: This is still one of the most innovative and exciting companies in the market.
The results of this innovation are the fact that SQ is up almost 2,000% over the past decade. The company has, time and time again over the past decade, pioneered breakthrough, innovative technology solutions to materially expand its addressable market and meaningfully extend its growth runway. More noteworthy, the Tidal acquisition underscores the innovation prowess at Square. The Amazon of Houses: This Stock Is Like Buying Amazon in 1997.In other words, Square just expanded its addressable market by another $100 billion.
Through its acquisition of Tidal, Square opens up the door to developing ubiquitous fintech tools for the music industry - which is a $100-plus billion industry globally. Yet, over this past weekend, Square just did something that reminded the world why this is still one of the best companies to invest in for the long-term: Square bought streaming music platform Tidal.
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