Surging Bitcoin Boosts Profits in Jack Dorsey’s Square
- Date: 07-May-2021
- Source: Newsweek
- Sector:Financial Markets
- Country:Middle East
Surging Bitcoin Boosts Profits in Jack Dorsey’s Square
Jack Dorsey, co-founder and CEO of Twitter and electronic payments firm Square, makes good Yankee dollars on Bitcoin.
Surging demand for the cryptocurrency drove Square's first quarter profit to 41 cents a share, exceeding Wall Street's consensus estimate of 16 cents by about 156%.
Square's Cash App allows customers to purchase the cryptocurrency.
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