Here's Why Square Stock Soared Today

The Motley Fool2021-08-03

What happened Shares of Square jumped 10% on Monday, after thefintechgiant struck a deal to acquire Australian installment payments leader Afterpay Ltd.. So what Afterpay is a leading provider of "buy...

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Comments

TanWeiHan
2021-08-03
TanWeiHan
Like and comment thanks
- StocKing:
  B
- Angsana:
  like
Nyannie
2021-08-03
Nyannie
Wow
- Juanaa:
  Too
Sunris3
2021-08-03
Sunris3
Hi
tkysingapore
2021-08-03
tkysingapore
Square is a worthwhile investment imo
KRIS0330
2021-08-03
KRIS0330
Nice. Pls like n comment
- TanWeiHan:
  like and comment thanks
- Sunris3:
  Hi
kelvinseech
2021-08-03
kelvinseech
Nice

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The deal values Afterpay at about $29 billion, a roughly 30% premium to its closing price on Friday.\nThe transaction is expected to close in the first quarter of 2022, pending regulatory and shareholder approval.\n\"Square and Afterpay have a shared purpose,\" Square CEO Jack Dorsey said in a press release. \"We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.\"\nNow what\nSquare says Afterpay could help to tie its seller and Cash App businesses closer together. Square wants to roll out Afterpay's installment services to even its smallest merchant customers, while also giving Afterpay's consumers the option to make payments directly in Cash App.\nInstallment payments have proved popular during the pandemic, particularly among younger shoppers. Merchants, in turn, see offering these payment options as a way to boost sales.\nSquare's seller and Cash App platforms are already thriving. The company released its second-quarter results alongside its acquisition announcement. Gross profit in Square's seller and Cash App segments surged 85% and 94%, respectively, to $585 million and $546 million. 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Pls like n comment&nbsp;","listText":"Nice. Pls like n comment&nbsp;","text":"Nice. Pls like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804584837","repostId":1122028715,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5411137,"gmtCreate":1627966626518,"gmtModify":1663231858938,"authorId":3569966648692639,"author":{"id":3569966648692639,"idStr":"3569966648692639","authorId":3569966648692639,"name":"TanWeiHan","avatar":"https://static.tigerbbs.com/e67d481d90c7fb95af43e020fe0c253b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804584837,"type":1,"supId":0,"prevId":0,"content":"like and comment thanks","text":"like and comment thanks","html":"like and comment thanks"},{"id":5410999,"gmtCreate":1627965693768,"gmtModify":1663231858730,"authorId":3581632171272762,"author":{"id":3581632171272762,"idStr":"3581632171272762","authorId":3581632171272762,"name":"Sunris3","avatar":"https://static.tigerbbs.com/b069abdd5543b78374d0994f89a22816","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804584837,"type":1,"supId":0,"prevId":0,"content":"<u>Hi</u>","text":"<u>Hi</u>","html":"<u>Hi</u>"}],"langContent":"EN"},{"id":804583988,"gmtCreate":1627964195844,"gmtModify":1703498736409,"author":{"id":"3577464386301571","authorId":"3577464386301571","name":"kelvinseech","avatar":"https://static.tigerbbs.com/fa4b33df37044967fd669e37ffd98983","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3577464386301571","idStr":"3577464386301571"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804583988","repostId":1122028715,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":169,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1122028715"}