The two biggest emotions that fuel the stock market are fear and greed. One will send stocks swooning, while the other can create bubbles. But as Warren Buffett famously says, "Be fearful when others are greedy and greedy when others are fearful." If he's right, then now's the perfect time to pile into payments company Square (SQ). In case you didn't notice, the broader stock market just suffered...
Square's stock fell more than 6 percent in after-hours trading after the company disappointed Wall Street with its outlook. One bright spot for the payments company is bitcoin, which users can buy and sell on the Cash App and which they are increasingly doing. Square CEO Jack Dorsey clearly appreciates it, reportedly giving a shout out to bitcoin during today's earnings call. Yes we do —...
Square believes that user experience is at the core of mass adoption for cryptocurrency, and they’ve made an eloquent job posting in that pursuit. Designers: Jack Dorsey's Square Wants You A project of Jack Dorsey, Square instituted Bitcoin support sometime back. The company hopes to onboard people in the same way as Coinbase, with a focus on creating use cases. “Unlike traditional design roles...
Jack Dorsey's payments company Square is already up by a double-digit percentage in 2019, and one Wall Street analyst says there's more runway for gains. According to TD Ameritrade Network, Instinet's Dan Dolev believes Square's stock, which is currently hovering at about $74, is worth more like $100 – and that's a conservative estimate. That places an addition 33 percent upside on a stock that...
By CCN Markets: Jack Dorsey is all in on bitcoin. The tech entrepreneur, who is at the helm of both Twitter and Square, recognizes that cryptocurrency and the blockchain will become a "secular trend" in financial services going forward, according to an interview he did with Quartz in London. He doubled-down on his belief that there will be a "global currency for the internet," and bitcoin remains...
By CCN Markets: Square Crypto, which until now only appeared to exist on social media, is the real deal. It's been less than a month since Square Crypto announced they were nearing their maiden hire. Now the company made a splash by announcing on Twitter they lassoed Google alum and Silicon Valley angel investor Steve Lee for that distinction. Before the big reveal, Square Crypto teased its...
By CCN: Square, the $32.7 billion mobile payment company founded by Twitter’s Jack Dorsey, is one step closer to launching its long-awaited crypto project. The company claimed last night that bitcoin mass adoption is “inevitable” and it is close to making its first hire. Took some time but getting there — jack 🌍🌏🌎 (@jack) May 21, 2019 Everything we know about Square Crypto so far In March...
By CCN: Square might have had a mixed first quarter performance, but the Cash App, which is where investors buy and sell bitcoin, was a bright spot. Bitcoin revenue nearly doubled to $65.5 million from $34 million in the year-ago period. Cash App volume, where the company boasts "15 million monthly active users," expanded more than 100% since last year's Q1. Square's bitcoin revenue has been...