64.90 -1.29 (-1.95%)
Pre-market: 5:49AM EDT
|Bid||36.00 x 800|
|Ask||0.00 x 1300|
|Day's range||63.88 - 66.44|
|52-week range||22.66 - 66.44|
|PE ratio (TTM)||N/A|
|Earnings date||31 Jul 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||52.58|
Square Inc. shares climbed to their highest price ever after New York granted the company a virtual-currency license, letting customers in the state buy and sell Bitcoin. Chief Executive Officer Jack Dorsey said earlier this year that the company would introduce Bitcoin trading to almost all users of Square Cash, which allows people to transfer money to friends and family. Bitcoin trading has helped fuel growth for the app, which had more than 7 million monthly active customers in December.
Shares of Square Inc. are up 1.5% in Monday's session and are on track to close at a new high after the company said it received the proper license to allow bitcoin trading on its Cash app in New York. The company was granted a virtual currency license by New York State on Monday. Previously, Cash app users in New York couldn't buy and sell bitcoin, according to a Square spokesperson.
Square (SQ) has agreed to release $2.2 million to certain customers of its online food delivery service, Caviar, to settle allegations of a fake tipping program. The settlement amount comprises ~2.3% of Square’s first-quarter subscription and service revenue. A 2016 lawsuit accused Square of collecting tips from Caviar customers but failing to pass on the money to Caviar delivery drivers.
, the digital payments company founded by Twitter’s Jack Dorsey, after a New York regulator approved a virtual currency license for it to allow bitcoin transactions through its Cash App. The news propelled Square shares to a lifetime high of $65.74. The virtual currency license awarded by the New York State Department of Financial Services came after what the regulator described as a thorough review of its application, including money laundering, fraud, consumer and security controls.
When Spotify Technology SA went public in April, Goldman Sachs Group Inc. was sitting on a stake in the music-streaming startup worth more than $350 million, a sevenfold return on a 2012 investment. Goldman has those, too, but they are distinct from the portfolio maintained by its investment bankers, who are investing on the bank’s behalf. The bankers were early backers of now-household names including Uber Technologies Inc., online storage vault Dropbox Inc. and payments company Square Inc. Recent investments include Ripple Foods, which makes milk from peas, and Marqeta Inc., a credit-card startup, the people said.
Consumers are staying home more than ever before and, increasingly, even when they're eating out, they're eating in. How can you invest in America's growing appetite for delivery?
Shares of Square Inc. are up 3.4% in Thursday morning trading after Wells Fargo analyst Timothy Willi upped his price target to $60 from $42. Looking at Square's current customer base of merchants and Square Cash app users, Willi estimates that the company has a $9.3 billion revenue opportunity with its subscription and services offerings. Square shares are up 176% over the past 12 months, while the S&P 500 has gained 14%.
Zelle, a person-to-person mobile payment app launched by 30 U.S. banks, is poised to grow faster than competing apps from Square and PayPal Holdings, says market researcher eMarketer.
Square Inc. shares are down 1.2% in premarket trading Wednesday after Buckingham Research analyst Chris Brendler lowered his rating on the stock to neutral from buy. "As a result, we are taking a break and hope to get a more compelling re-entry point soon." Brendler noted that Square shares hit a new high on Tuesday, but also on Tuesday, First Data Corp. discussed its rival Clover offering during an investor day. First Data's commentary "suggests competition is catching up," Brendler wrote.
Wells Fargo & Co. will simplify the prices it charges small businesses to accept credit- and debit-card transactions as the bank responds to pressure from startups such as Jack Dorsey’s Square Inc. The changes, which are tailored for small businesses that process $100,000 a year or less, eliminate many of the complicated pricing policies that varied from client to client, according to Danny Peltz, who leads treasury management and merchant services at the company. Business customers will also be able to apply online for payment-processing capabilities with Wells Fargo, Peltz said.
NEW YORK, June 11, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Aetna ...
A few minutes before her spring/summer 19 show on the Sunday evening of London Fashion Week Men, Martine Rose pulled up in her BMW. The catwalk was actually the Victorian cul-de-sac St Leonard’s Square in Kentish Town, north London. Martine and her team had gotten the models ready in a pub round the corner.
In less than one month's time, PayPal has made two key acquisitions designed to give it a leg up against competition in the payments industry.
As 290 of the world’s most respected galleries prepare to sell their wares at Art Basel this week (June 14-17), the talk of the market continues to centre on the “squeezed middle”, namely those many businesses in the broad area between mini-empires and exciting emerging outfits. It’s a whispered conversation that Art Basel put in the spotlight earlier this year when the fair and UBS published their annual art market report. It found that, at art fairs specifically, “the biggest rewards have likely accrued to those at the top end”.
It was the last day of our holiday and we’d cycled from Cap Ferret’s wide Atlantic beach to Chez Hortense, dozing toddlers in tow, hoping to score a table for a late lunch. By the time we’d got around to booking, there was no suitable accommodation left.