Square's CFO on What's Driving the Company's Growth
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.
Build-A-Bear Workshop has been one of the most recognizable and beloved toy brands in the world since opening in 1997. Sharon Price John, CEO of Build-A-Bear Workshop, spoke with Cheddar News about its plans for the holiday season this year as well as the company's first animated feature film.
Stocks were generally flat after the opening bell on Friday ahead of Federal Reserve Chair Jerome Powell's comments in a speech at Spelman College later. Investors are growing optimistic that the central bank is done raising rates and may start cutting next year.
The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram.
Someone in China created thousands of fake social media accounts designed to appear to be from Americans and used them to spread polarizing political content in an apparent effort to divide the U.S. ahead of next year's elections, Meta said Thursday.
