Tag Archives: Squares

Square’s (SQ) is acquisition of Australian buy now, pay later (BNPL) company Afterpay for $29 billion is an indication of a rapidly growing industry, according to one rival firm’s chief executive. “At this point of time, everything is about momentum, you may describe it almost like a land grab currently,” Klarna CEO Sebastian Siemiatkowski told Yahoo Finance Live (video above), later adding: “I think that there will be one or two more years of that before the market stabilizes slightly, and… Source link

Square’s CEO, Jack Dorsey, is a big believer in the future of bitcoin. That’s why Square (SQ) has been investing both directly and indirectly in digital currency. The company invested $50.0 million and $170.0 million in bitcoin in the fourth quarter of 2020 and the first quarter of 2021, respectively, doubling down as the price of the digital currency dropped. Meanwhile, Square has been investing in technology that eases bitcoin transactions. For example, its Cash App allows peer-to-peer… Source link

Without warning, hackers drained every dollar of cash, stock, or bitcoin out of accounts linked to Cash App, Square’s (SQ)’s popular payments platform, six of its customers told Yahoo Finance. Cash App functions as a substitute bank for many of its more than 36 million monthly users. “I had to sell my car seat that I just bought for my baby that I’m going to have in a couple of months, so that I could feed my kids, because I have no money now,” Shania Jensen, 24, a Cash App user from… Source link

Bloomberg Inflation Angst Is About to Rewrite the Stock Market Playbook (Bloomberg) — For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.While there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been… Source link