Published on 7 Feb 2022 on InvestorPlace via Yahoo Finance
On January 31, 2022, Block Inc (NYSE:SQ), formerly known as Square (but still retaining the “SQ” stock symbol) closed on its purchase of Afterpay. On balance, this should be a net positive for SQ, although it may take the long term for it to work out. This is because the $29 billion deal was done 100% in Square stock, diluting the existing shareholders.
The logo for Block (SQ) is shown on a phone screen with the company's old name and logo, Square, visible behind the phone.
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