SeaPRwire

Jack Dorsey’s Square changes name to Block in nod to blockchain

elean
3 minutes

SAN FRANCISCO (BLOOMBERG, REUTERS) - Square is changing its corporate name to Block as it looks to expand beyond its payment business and into new technologies like blockchain. The company, co-founded and run by Twitter co-founder and cryptocurrency enthusiast Jack Dorsey, will continue to call its seller product Square, and the new corporate identity won't lead to any organizational changes. The company's stock ticker - SQ - will also stay the same. Square's CEO Mr Dorsey - who resigned from the same role at Twitter earlier this week - has long wanted to build the start-up from a digital-payments company into a broader organisation with a number of standalone business units. In that vein, Square recently acquired Tidal, the music streaming service led by rapper Jay-Z, and started a financial services division focused on Bitcoin called TBD54566975. (That unit's name was derived from a positive numerology report linked to the number.) The company also owns Cash App, a consumer payments and investing product, and Square, its original sales and register service used by small businesses. As the company expanded, it became confusing to have a corporate name that overlapped with just one...

SeaPRwire

Jack Dorsey chases crypto, fintech dream post Twitter

elean
3 minutes

NEW YORK (REUTERS) - At a packed Miami conference in June, Mr Jack Dorsey mused in front of thousands of attendees about where his real passion lay: "If I weren't at Square or Twitter, I'd be working on Bitcoin." On Monday, Mr Dorsey made good on one part of that, announcing he would leave Twitter for the second time, handing the chief executive position to a 10-year veteran at the firm. The 45-year-old entrepreneur, who is often described as an enigma with varied interests from meditation to yoga to fashion design, plans to pursue his passion which include focusing on running Square and doing more philanthropic work, according to a source familiar with his plan. Well before the surprise news, Mr Dorsey had laid the groundwork for his next chapter, seeding both companies with crypto-related projects. Underlying Mr Dorsey's broader vision is the principle of "decentralisation" or the idea that technology and finance should not be concentrated among a handful of gatekeepers, as it is now, but should, instead, be steered by the hands of the many, either people or entities. The concept has played out at Square, which has built a division devoted to working on projects and awarding gran...

SeaPRwire

Square to buy Afterpay for $39 billion as buy now, pay later booms

elean
2 minutes

SAN FRANCISCO (REUTERS) - Square will purchase buy now, pay later (BNPL) firm Afterpay for about US$29 billion (S$39.3 billion) in Australia's biggest-ever buyout, creating an online payments giant to tap explosive growth in the niche payments sector. Afterpay has been the bellwether of the niche online payments sector, which burst into the mainstream last year as more people, especially youngsters, chose to pay in instalments for everyday items during the pandemic. Burgeoning popularity, quick uptake among users and relatively loose regulation has led to rapid growth in the sector, and has reportedly even driven Apple to plan a service to let shoppers pay for purchases in instalments. "Square and Afterpay have a shared purpose... together, we can better connect our Cash App and Seller ecosystems to deliver even more compelling products and services for merchants and consumers," Square chief executive Jack Dorsey said. For Afterpay, the deal provides an opportunity to expand rapidly in the United States, where its fiscal 2021 sales nearly tripled to A$11.10 billion (S$11 billion) in constant currency. The news also comes at a time of frenzied deal-making activity in Australia. Afte...

ACN Newswire
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Unearth value of Chinese technology companies: In-depth comparison between Yeahka and Square

indie
11 minutes

HONG KONG, Jun 2, 2021 - (ACN Newswire via SEAPRWire.com) - Written by Francis Lun, CEO of GEO Securities Limited. We all want to find the next 10x stock, but we know it will not be easy. One of the easier ways would be to take reference of comparable stocks. Look for one among US stocks and see if it has a Chinese counterpart. Today, the "twin brothers" we want to look at are Yeahka and Square. In 2020, Square's price rose near eight folds in less than a year. Will Yeahka be able to replicate Square's "eight folds a year" miracle in the Chinese stock market? For more details: please go to https://www.acnnewswire.com/pdf/files/210602.pdf(Graph 1)(Graph 2.1 - 2.4)(Graph 3.1 - 3.2)(Graph 4)(Graph 5)(Graph 6.1 - 6.2)(Graph 7.1 - 7.2)(Graph 8.1 - 8.3)(Graph 9)Square is a mobile payment company in United States.In February 2009, Jim McKelvey, one of the founders of Square, sold his glass handicrafts in San Francisco. However, as most Americans have no savings and use credit card for daily spending, Jim McKelvey lost quite a few customers because he was not able to accept credit card payments.That was why Jim McKelvey founded Square - to provide credit card payment collection service to ...

SeaPRwire
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Make the most out of your shopping weekend at Scotts Square to get Chinese New Year-ready

aseanpr
5 minutes

Chinese New Year festivities might be a lot more subdued this year, but there’s no reason why you can’t still treat yourself to your usual pre-CNY ritual: shopping for new clothes, pampering yourself with skin treatments and indulging in good food. After all, embracing the self-confidence and belief that 2021 will be a better year than the last will kick off the new year on a good note. And a little help from beautiful clothes and good food will go a long way to helping you achieve that. As one of the Orchard Road belt’s boutique luxury shopping malls, Scotts Square is home to a well-curated mix of fashion labels, specialty services and dining selections, with the added bonus of a good location that makes it a shopping haven. Looking to get Chinese New Year-ready? One shopping weekend is all you need there, — so you hit all the must-visits and check off that Chinese New Year to-do list at the same time. Friday Night Fun Get a headstart on the shopping weekend by kicking things off on a Friday evening, when your spirits are still high from the end of a work week. Here’s how to make things strategic: PHOTOS: OCD To start off your weekend, go low-key. Update your wardrobe with casual ...