We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Square, Inc. (SQ)
SQ 147.22-4.4%Aug 7 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: AmigaComputer8/10/2019 8:16:54 PM
1 Recommendation

Recommended By
J.F. Sebastian

  Read Replies (1) of 39
To me, the sizeable selling off, the day after the disappointing Q2 announcement, tumbling the stock by 30% from its 52 week high, i feel could be in part due to Square selling Caviar for $410m to DoorDash. For those unfamiliar, Caviar is yet-another food delivery business. To me, the sale makes sense. Square should stick to its payment business model and not be trying to follow whats hot right now, entering markets that don't fit. On the bright side to the stock bad news, because Square bought Caviar for $44m they ended up making over $360m profit :)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext