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I wonder how much this says about Square's cash flow situation and in addition to what it says about their customer's economic conditions. IIRC Square makes mo
by jgalt212 6y ago
I wonder how much this says about Square's cash flow situation and in addition to what it says about their customer's economic conditions.
IIRC Square makes most of its money via small business lending. To the extent that space is over-represented by retail and restaurants, defaults should be spiking.
- philrhc 6y agoi think a big factor is spikes in chargebacks due to coronavirus