Square is opening its new service which enables businesses to receive payments from customers and fans for a 1.5% fee per transaction.
The future for Zoom and airlines will be unknown as the economy can change in any direction. Today Zoom market cap is close to the market cap of 7 biggest airlines taken together.
As Twitter has explained, its employees can work from home “forever” as remote working has proved to be efficient. Therefore, it’s up to the staff to decide how they will work after the pandemic ends.
Although the company’s losses have jumped higher, the revenue for the Square Cash App has also gone significantly higher. The good thing is as businesses shift towards online presence, Square has seen some big merchants joining its platform during the pandemic period. SQ stock is down now.
PayPal, Intuit and Square got approved to take part in the coronavirus relief program and offer loans to small businesses. Meanwhile, PayPal, and Square stocks closed in the green on April 13, 0.13% and 0.35% up correspondingly. Intuit shares slightly tanked.
Square Bank will give loans to small business and corporations. It will also sell debts to third parties and engage in blockchain development.
Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.
While the coronavirus fears are spreading in the U.S., many tech giants are under their influence as well. MSFT stock lost over 2% yesterday and continues falling in the premarket.
SQ has positively reacted to the recent company’s Q4 earnings report. Square is making a good process in its Bitcoin business.
Some companies had their stocks in the news recently as prices changed for different reasons. And one of them is the ongoing coronavirus outbreak.
American social media giant Twitter has surprised many by beating the quarterly revenue estimate to clinch on $1 billion. TWTR stock also rose by 14% as the market opened after the report.