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Technology Stocks : Square, Inc. (SQ)
SQ 147.22-4.4%Aug 7 4:00 PM EDT

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From: AmigaComputer8/10/2019 8:16:54 PM
1 Recommendation

Recommended By
J.F. Sebastian

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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 :)
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