Name: Payments Startup Square on a Shopping Spree
Uploaded: 2018-04-27
Duration: 1 min 1 s
Description: It spent $365M on Weebly.

Payments Startup Square on a Shopping Spree

payments. Startup Square announced it will acquire website creation platform, we believe for $365 million in cash and stock, pushing the company into the limelight. The company that normally creates credit card readers for companies like Apple said their new acquisition will allow the companies to build the future of commerce together, meaning we believe will expand squares. Customer base and square will gain exposure to, we believe, millions of customers. Jack Dorsey is the CEO of Square, and if his name sounds familiar, it's probably because he's also the CEO of Twitter. In a news release, Dorsey said Square began its journey with in person solutions while we believe began its journey online. Since then, we've both been building services to bridge these channels, and we can go even further and faster Together. In November of 2017, Squares market value surpassed Twitter's as it became worth more than $15 billion. Weebly isn't the only company that Square has recently acquired. Last week, the company acquired assets from Zesty, a corporate catering startup, which was seen as an effort to boost squares, caviar, corporate food, ordering service