{"id":121024,"date":"2020-11-26T20:09:17","date_gmt":"2020-11-26T17:09:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dorseys-beard-sets-3-share-price-records-in-3-days\/"},"modified":"2020-11-26T20:09:17","modified_gmt":"2020-11-26T17:09:17","slug":"dorseys-beard-sets-3-share-price-records-in-3-days","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dorseys-beard-sets-3-share-price-records-in-3-days\/","title":{"rendered":"#Dorsey&#8217;s beard sets 3 share price records in 3 days"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35fc5e6baf0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35fc5e6baf0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dorseys-beard-sets-3-share-price-records-in-3-days\/#Square_stock_is_now_up_over_1800_since_its_IPO_in_2015\" >Square stock is now up over 1,800% since its IPO in 2015.<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Dorsey&#8217;s beard sets 3 share price records in 3 days<\/strong>&#8221;<\/p>\n<div>\n                                Square, the fintech stock led by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> billionaire and <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.vanityfair.com\/style\/2020\/10\/jack-dorsey-twitter-beard-congressional-hearing\">beard-of-the-people<\/a> Jack Dorsey, is on fire.<\/p>\n<p>In the past three days, Square\u2018s share price has set three consecutive all-time highs, both intraday and closing.<\/p>\n<p>It peaked at $208 on Monday, hit $209.36 on Tuesday, and broke $214 on Wednesday to close the day up 240% for the year-to-date.<\/p>\n<p>Square\u2019s previous intraday and closing records were $201 and $198, set on November 6.<\/p>\n<figure class=\"post-image post-mediaBleed alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1329654 lazy\" alt=\"\" width=\"1050\" height=\"650\" sizes=\"auto, (max-width: 1050px) 100vw, 1050px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.31.46.png\" data-lazy=\"true\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.31.46.png 1050w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.31.46-280x173.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.31.46-436x270.png 436w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.31.46-218x135.png 218w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.31.46-796x493.png 796w\"\/><\/figure>\n<p>If Square was included in benchmark indices like the S&amp;P 500 or the NASDAQ 100, it would be their fourth best performing stock in 2020.<\/p>\n<p>The only stocks that\u2019ve returned more profit would be COVID vaccinators Moderna, video callers Zoom, and electric carers Tesla.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Square_stock_is_now_up_over_1800_since_its_IPO_in_2015\"><\/span>Square stock is now up over 1,800% since its IPO in 2015.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>More recently, this week\u2019s 8% jump was solidified by the company\u2019s acquisition of Credit Karma\u2019s tax wing for $50 million, which traders were pretty into.<\/p>\n<p>The move comes as part of Intuit\u2019s $7.1 billion Credit Karma takeover, which until now was <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/jonathanponciano\/2020\/11\/25\/doj-forces-credit-karma-to-sell-tax-unit-to-square-71-billion-intuit-turbotax-takeover-antitrust\/?sh=616a6d5c2dc8\">blocked by a civil antitrust lawsuit<\/a> brought forward by the US Department of Justice.<\/p>\n<figure class=\"post-image post-mediaBleed alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1329656 size-full lazy\" alt=\"square, stock\" width=\"1056\" height=\"590\" sizes=\"auto, (max-width: 1056px) 100vw, 1056px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-16.11.09.png\" data-lazy=\"true\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-16.11.09.png 1056w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-16.11.09-280x156.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-16.11.09-483x270.png 483w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-16.11.09-242x135.png 242w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-16.11.09-796x445.png 796w\"\/><\/figure>\n<p>Intuit\u2019s TurboTax is a direct competitor of Credit Karma\u2019s tax business, which makes buying it less than sporting \u2018cos Intuit could end up with a monopoly\u00a0<span>\u2014<\/span> so Square agreed to buy it instead, and integrate Credit Karma\u2019s tax software and IP into its own peer-to-peer money transfer thing, Cash <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>.<\/p>\n<p>But while Square\u2018s main rival PayPal has also benefitted from a hyper-digitized 2020, PayPal has only just managed to double its share price in the past year.<\/p>\n<p>Still, both stocks are leagues ahead of grandpa payments plays like Visa and Mastercard, which are both up less than 20% since this time in 2019.<\/p>\n<figure class=\"post-image post-mediaBleed alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1329655 lazy\" alt=\"\" width=\"1049\" height=\"653\" sizes=\"auto, (max-width: 1049px) 100vw, 1049px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.23.03.png\" data-lazy=\"true\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.23.03.png 1049w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.23.03-280x174.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.23.03-434x270.png 434w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.23.03-217x135.png 217w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/Screenshot-2020-11-26-at-17.23.03-796x496.png 796w\"\/><\/figure>\n<p>All those gains are attributed to Square\u2018s\u00a0<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.investors.com\/news\/technology\/sq-stock-buy-now\/\">healthy revenue<\/a>, with quarterly gross profit up 59% year-on-year. The company\u2019s net revenue rose 140% to $3.03 billion, with Bitcoin transactions (Square does that) making up more than half of that.<\/p>\n<p>But even without the BTC, revenue rose 25%.<\/p>\n<p>In fact, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.theverge.com\/2020\/10\/8\/21507533\/square-50-million-bitcoin-dorsey-cryptocurrency\">Square loves Bitcoin<\/a> so much it put 1% of its total assets in BTC (around $50 million) in early October, when it traded for under $11,000.<\/p>\n<p>Now it\u2019s worth nearly $17,000, so, there\u2019s that too.<\/p>\n<p>Square\u2018s done a lot of going up, sure, how far can it go? Boomer question, but ok. Most Wall Street insiders consider it either a buy or a hold, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/sq\/analystestimates\">according to MarketWatch<\/a>.<\/p>\n<p class=\"c-post-pubDate\">\n                                    Published November 26, 2020 \u2014 17:09 UTC\n                                <\/p>\n<\/p><\/div>\n<p><script data-src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=378011798897423&amp;version=v2.6\" id=\"socialSrcFacebook\" type=\"text\/template\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener noreferrer\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/hardfork\/2020\/11\/26\/square-stock-on-fire-jack-dorseys-beard-sets-3-share-price-records-in-3-days\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Dorsey&#8217;s beard sets 3 share price records in 3 days&#8221; Square, the fintech stock led by Twitter billionaire and beard-of-the-people Jack Dorsey, is on fire. In the past three days, Square\u2018s share price has set three consecutive all-time highs, both intraday and closing. It peaked at $208 on Monday, hit $209.36 on Tuesday, and broke&#8230;<\/p>\n","protected":false},"author":1,"featured_media":121025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/hardfork?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/11\/stonksdorsey.jpg&signature=8f26a45d8e18655f01c460d0477b9fee","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-121024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/121024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=121024"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/121024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/121025"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=121024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=121024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=121024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}