Tag: cash app
Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The…
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The Cash app’s parent company is now running its own bank
Jack Dorsey, the CEO of both Twitter and Square, tweeted today that the "Bank now open." What he's referring to is that now, about a year after receiving FDIC approval, Square Financial Services has begun operations. Operating as a subs… Source
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Robinhood’s downtime as a stress test for the consumer fintech boom
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Earlier this week, the popular free stock trading service Robinhood suffered downtime over a two-day period. The company, a well-funded unicorn taking on incumbents in its industry, failed to operate…
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