Payments Company Square Unveils Low Returns From Bitcoin Business Last Quarter

US payments processing company Square recently reported low profits from Bitcoin (BTC) trading in its Cash App last quarter, according to an article by Fortune Wednesday, May 2. According to Square's earnings report, Bitcoin-related business generated about 5 percent of overall revenue, amounting …
Google Alert – bitcoin

Mobile Pay Service Square Shares Fall After Stock Commentator Slams Bitcoin Strategy

Shares of financial services and mobile payment company Square dropped Monday after a critical tweet by short-seller Andrew Left's Citron Research, CNBC reported April 30. Citron claimed excitement for Square's Bitcoin (BTC) trading solution was exaggerated. Citron called Square a “collection of …
Google Alert – bitcoin

Square shares drop after short seller Citron calls bitcoin strategy 'nonsense'

Shares of Square fell Monday after noted short-seller Andrew Left's Citron Research said excitement over the payments processor's bitcoin trading product was overdone. The stock briefly lost 3.8 percent to $ 45.76 a share before recovering some of its losses. Square is a "collection of yawn businesses," …
Google Alert – bitcoin