At the peak before corona, SQ was hovering around 80$. Today they’re above 100. How could coronavirus increase SQs stock by 25%?
They own cash app yes but it’s only around 20% of their revenue and is it really blooming that much with the virus? Square makes the vast majority of its revenue from point of sale purchases, where consumers swipe their card in Square devices.
Most of their market must be mom and pop shops, small cap companies, malls, any brick and mortar store.
How are they not getting slaughtered right now? Am I missing something?
Submitted June 24, 2020 at 09:08PM by justmelol778 https://ift.tt/3dy0Y02
