Square Continues to Rise During Pandemic

Square has been one of the best performing fintech companies during the pandemic and their stock has risen to record highs; the stock rose 15 percent in the last week and has more than tripled since hitting a low on March 20; the company first saw a 55 percent drop with shelter in place orders taking hold which hurt the company since merchants needed to close their doors; other products like the Cash App have taken off with direct deposit volumes tripling from March to April and p2p payments, stock trading and more becoming more popular each day; “As Square develops, rolls out, and monetizes many services across the payments and financials ecosystems, it will lay the groundwork to make the company a need-to-own name for years to come,” Rosenblatt Securities wrote in an analyst note according to the Wall Street Journal. Wall Street Journal.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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