Square’s focus on omni-channel retail has been its biggest growth driver, Chief Financial Officer Sarah Friar told Cheddar Wednesday.
“It’s really about helping entrepreneurs meet their buyers wherever they are...in the same way that big businesses are approaching it,” Friar said.
The payments processing platform beat revenue estimates in its Q4 earnings.
The company’s Cash app -- a Venmo-style money transfer app -- is also fueling its rapid growth with its 7 million monthly active users as of the last quarter.
“We find a lot of underbanked also using that,” added Friar. “That same theme of economic empowerment applies to individuals as well as to small businesses.”
Building on this theme of economic empowerment, the company recently launched a film series titled “For Every Kind of Dream,” which highlights small business owners around the U.S.
Their most recent film in the series focuses on SisterHearts -- a thrift store and organization that helps formerly incarcerated men and women transition back into society.
New data from the National Association of Home Builders shows that falling mortgage rates have improved homebuilder confidence and increased demand to buy homes.
About nine million people with student loans missed their first payment after the recent pandemic pause, according to data.
Spending this holiday season is set to significantly rise, according to an economic survey from CNBC.
Google settled an antitrust lawsuit, Tesla is reportedly raising pay, a group is suing Utah over its social media policies for kids and the founder of Nikola was sentenced to prison.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
Some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries.
A group representing several big tech companies is suing Utah over state laws about children's social media use.
Google has agreed to pay $700 million to settle an anti-trust settlement.
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
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