Why did Square Stock Fall on Wednesday?

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Why did Square Stock Fall on Wednesday?

Motley Fool2021-09-09

What happened The stock market was having a generally weak session on Wednesday, with all three major averages in the red.However,Square has been a major underperformer. As of closed, shares of the ...

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iamateh
·2021-09-09
awesome
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crusadersg
·2021-09-09
this would make sense if PayPal had gone up on Wednesday. But it too fell hard. So this analysis is just... bullshit.
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- LewisLewis:
  Cyclic Intraday falls . Please like , Thanks
  2021-09-09
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Kslee3943
·2021-09-09
Good
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佛脚哥未必是狂澜哥
·2021-09-09
Please like!
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As of closed, shares of the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/08/why-is-square-falling-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SQ","symbol_name":"Block","start_time":0,"source_url":"https://www.fool.com/investing/2021/09/08/why-is-square-falling-today/","article_id":"1180369311","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180369311","pubTimestamp":1631156393,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"There are a few news items affecting shares of the fintech specialist.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQ":"Block"},"translate_title":"周三Square,Inc股票为何下跌？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQ":0.9},"content_text":"What happened\nThe stock market was having a generally weak session on Wednesday, with all three major averages in the red.However,Square has been a major underperformer. As of closed, shares of the fintech specialist fell about 4%.\nSo what\nThere are three main stories and market forces that could be affecting Square's stock price today:\n\nOn a positive note, the company announced the launch of its Square Register hardware in Canada, which could bring larger sellers in the key international market into Square's ecosystem.\n\nIMAGE SOURCE: SQUARE.\n\nOn the other hand, we learned that PayPal is spending $2.7 billion to acquire Japanese buy now, pay later (BNPL) company Paidy. Not only is Japan one of the few international markets where Square has a presence, this also signals that PayPal is pushing into the BNPL space more aggressively than previously thought. Remember that Square is spending $29 billion to acquire Afterpay, and PayPal becoming more interested in BNPL could change the competitive dynamics.\nFinally, there is quite a bit of general weakness in the tech sector today. While all three major averages are in the red, the tech-heavy Nasdaq is by far the worst performer, and many other high-growth tech stocks are among the market's worst performers.\n\nNow what\nThe two company-specific news items are likely not what's causing today's move. While PayPal's push into the Japanese BNPL market is certainly not a positive factor for Square, it isn't likely to be a major needle-mover affecting the business.\nToday's move seems to be fueled by severe weakness in growth stocks more than anything else. 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But it too fell hard. So this analysis is just... bullshit.","listText":"this would make sense if PayPal had gone up on Wednesday. But it too fell hard. So this analysis is just... bullshit.","text":"this would make sense if PayPal had gone up on Wednesday. But it too fell hard. So this analysis is just... bullshit.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889517326","repostId":1180369311,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5802080,"gmtCreate":1631158532992,"gmtModify":1663233596830,"authorId":3573260715066065,"author":{"id":3573260715066065,"idStr":"3573260715066065","authorId":3573260715066065,"name":"LewisLewis","avatar":"https://static.tigerbbs.com/61c148b5b38fd33489bc18824afe097c","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":889517326,"type":1,"supId":0,"prevId":0,"content":"Cyclic Intraday falls . Please like , Thanks","text":"Cyclic Intraday falls . Please like , Thanks","html":"Cyclic Intraday falls . Please like , Thanks"}],"langContent":"EN"},{"id":889512033,"gmtCreate":1631157649522,"gmtModify":1676530483054,"author":{"id":"4093596659918630","authorId":"4093596659918630","name":"Kslee3943","avatar":"https://static.tigerbbs.com/90de15ce5511304affa25cca2ddef30b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4093596659918630","authorIdStr":"4093596659918630"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889512033","repostId":1180369311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":889511853,"gmtCreate":1631157421472,"gmtModify":1676530482929,"author":{"id":"3578006677235346","authorId":"3578006677235346","name":"佛脚哥未必是狂澜哥","avatar":"https://community-static.tradeup.com/news/620bde0c4f5c8600ef8992fa69528552","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578006677235346","authorIdStr":"3578006677235346"},"htmlText":"Please like!","listText":"Please like!","text":"Please like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889511853","repostId":1180369311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":32,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}