Tag: Square

Square to launch a new paid subscription, Invoices Plus

Square’s popular free invoicing software is becoming the company’s next big subscription service. The company is poised to announced a paid subscription offering called Invoices Plus, which will offer sellers a set of advanced features, including some that had previously been available with the free service. The service itself had…

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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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What Square’s smashing earnings tell us about consumer bitcoin demand

Shares of Square are up more than 6% today after the American fintech company reported a staggering $5.06 billion in revenue in its Q1 2021 earnings report, far ahead of an expected tally of $3.36 billion. By posting the huge revenue beat, Square grew 266% compared to its year-ago Q1.…

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Daily Crunch: Square acquires Tidal

Square buys a majority stake in Jay-Z’s Tidal, WhatsApp improves its desktop app and Hopin raises even more funding. This is your Daily Crunch for March 4, 2021. The big story: Square acquires Tidal Square announced this morning that it has purchased a majority stake in Tidal, the music streaming…

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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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Jack Dorsey and Jay Z invest $23.6 million to fund Bitcoin development

Twitter and Square CEO Jack Dorsey and rapper Jay Z have created an endowment to fund bitcoin development initially in Africa and India, Dorsey said Friday. The duo is putting 500 bitcoin, which is currently worth $23.6 million, in the endowment called ₿trust. The fund will be set up as…

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