Block, Square Inc is an American multinational technology conglomerate founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first platform in 2010.
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16 Facts About Square Inc
2.
Square Inc is a payments platform aimed at small and medium businesses that allows them to accept credit card payments and use smartphone or tablet computers as payment registers for a point-of-sale system.
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4.
Square Inc will pay $297 million in cash and stock for Tidal, with Jay-Z joining the company's board of directors.
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5.
Square Inc is a payments platform aimed at small and medium businesses that allows them to accept credit card payments and use tablet computers as payment registers for a point-of-sale system.
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6.
In 2018, Square Inc bought Weebly in exchange for $365 million in cash and stock.
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7.
Square Inc slowly grew and updated its capabilities over the course of a decade and now Weebly is a free online website creator that operates out of the web browser.
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8.
Fiscal year 2018, Square Inc reported losses of US$38 million, with an annual revenue of US$3.
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9.
In March 2020, Square Inc implemented remote work due to the COVID-19 pandemic.
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10.
In May 2020, Square Inc announced that some of its workers would be allowed to be permanent remote workers.
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11.
In May 2015, Square Inc Capital raised additional funding, with Victory Park Capital tripling its initial investment.
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12.
In May 2019, Square Inc announced that it had acquired Eloquent Labs, an artificial intelligence startup helping improve the customer service experience.
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13.
In February 2020, Square Inc announced that it had acquired Dessa, a Toronto-based deep learning company.
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14.
In November 2020, Square Inc announced it was acquiring Credit Karma Tax, a free do-it-yourself tax-filing service, from Credit Karma for $50 million and would make it a part of its Cash App unit.
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15.
In March 2021, Square Inc announced it was acquiring a significant majority in music streaming platform Tidal for $293 million in a deal of stock and cash.
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16.
Square Inc finalized the $29 billion stock deal on the 31st of January 2022.
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