• Square sinks after Paypal acquires iZettle to better compete in payments

    2 monthes ago - By Business Insider

    Square shares are lower after Paypal announced it will acquire iZettle, a European fintech startup.
    iZettle will allow Paypal to compete better in the point-of-sale business where Square previously had a large advantage.
    Watch Square trade in real-time here.
    Square shares are down more than 4% in Friday after Paypal announced it will acquire European fintech company iZettle for $2.2 billion .
    The acquisition of iZettle, which produces mini credit card readers for smartphones and tablets, would help Paypal compete better in the point-of-sale business where Square has historically had an...
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