Markets

‘We keep waiting for a shot, but Square has been too good’: Here’s what Wall Street is saying about Square disappointing guidance

Square on Wednesday reported better-than-expected third-quarter revenue and profits, but its fourth-quarter profits guidance disappointed. The mobile-payment provider posted adjusted earnings of $US0.13 a share on adjusted revenue of $US431 million, beating the $US0.11 and $US414 million that Wall Street analysts surveyed by Bloomberg were expecting. Looking ahead, Square says […]
‘We keep waiting for a shot, but Square has been too good’: Here’s what Wall Street is saying about Square disappointing guidance
Markets

Square is getting demolished during the stock market’s sell-off

Global financial markets are in the midst of a massive sell-off this week and tech stocks are among the worst hit. Payments companies like Square were leading the losses, despite impressive gains earlier this year. On Wednesday, the company announced its CFO was departing to become the CEO of Nextdoor. […]
Square is getting demolished during the stock market’s sell-off
Markets

Square is rallying after obtaining a bitcoin licence in New York

Square has received an official New York State “bitlicense” to facilitate buying and selling of the cryptocurrency. Shares of the payments company rose about 1.3% following the announcement. The move is a “win-win” for Square, one analyst told Business Insider. Watch Square trade in real-time here. Shares of Square spiked […]
Square is rallying after obtaining a bitcoin licence in New York
Markets

JACK DORSEY: Square ‘is not stopping at buying and selling’ bitcoin

Payments app Square launched support for bitcoin in November. Now, CEO Jack Dorsey has doubled down on the company’s stance, saying the company “is not stopping at buying and selling” bitcoin. Square, the payments app helmed by Twitter CEO Jack Dorsey, is doubling down on its cryptocurrency bet. “Bitcoin, for […]
JACK DORSEY: Square ‘is not stopping at buying and selling’ bitcoin
Markets

Square jumps on news that most of its users can now trade in bitcoin

Shares of payment services company, Square, jumped on news that its Cash App will now allow some of its users to trade bitcoin on its platform. Square’s stock rose 3.08% at $US46.92 per share on Wednesday. The company’s CEO Jack Dorsey made the announcement on Twitter, saying the move was […]
Square jumps on news that most of its users can now trade in bitcoin
Markets

Square is like ‘Amazon or Google in their early days’

Square is set to take off, according to Nomura analyst Dan Dolev. The company is rapidly expanding into new businesses and is growing its payments volume. Watch the price move in real time here. When Wall Street compares one of Jack Dorsey’s two public companies to Amazon and Google, you’d […]
Square is like ‘Amazon or Google in their early days’