News

The project having carpet area for sale of 6 lakh sq. ft. is expected to generate approximately Rs 3,000 crore over next 4 to 5 years

Man Infraconstruction’s subsidiary — MICL Properties LLP is jointly developing an ultra-luxurious residential high rise tower at Tardeo, next to Bhatia Hospital, Mumbai under asset-light Development Management (DM) model. While MICL group has a very strong real estate portfolio in the western and central suburbs of Mumbai, this project addition will establish the group’s presence in South Mumbai.

The project having carpet area for sale of 6 lakh sq. ft. is expected to generate approximately Rs 3,000 crore over next 4 to 5 years. This landmark Project will be one of the tallest residential structures in India having proposed height of around 250 plus mtrs. Apart from managing the design, sales and marketing of the Project, the company will also execute the construction work leading to timely delivery of the project.

Man Infraconstruction (MICL) is an India-based company engaged in the business of civil construction. The Company’s operations consist of construction / project activities/real estate activities.

Source: https://www.sharesbazaar.com/news/view/877932

Cryptocurrencies archive news by date

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

  • Ethereum-Powered NFT-Based Game Axie Infinity ($AXS) Very Popular in Emergent Nations
  • Source: https://cryptoperks.net/en/archive-news/2021-11-07

    IMF warns cryptocurrencies may threaten financial stability without regulation

    While cryptocurrency has the ability to improve the global payment system, digital coins still pose considerable challenges to market conditions worldwide, the International Monetary Fund warned in a new report on Tuesday.

    In its latest Global Financial Stability Report, the fund stated that risks stemming from the booming crypto trading and the proliferation of digital coins “appear contained for now,” but they should be monitored closely.

    As crypto grows in adoption, the potential impact on the economy and the risks will grow, according to the IMF. The international body added its voice to a growing chorus on the need for more oversight, underscoring that crypto has inadequate regulations and deficiencies in its operating structure — pointing to exchanges that go down during major selloffs.

    “Challenges posed by the crypto ecosystem include operational and financial integrity risks from crypto asset providers, investor protection risks for crypto assets and DeFi [decentralized finance], and inadequate reserves and disclosure for some stablecoins,” the IMF’s report said.

    On its list of worries is that increased trading of crypto assets in emerging markets — like El Salvador, which recently began accepting bitcoin as legal tender — could lead to destabilizing capital flows.

    Stablecoin jitters

    A man stand next to a sign reading

    A man stand next to a sign reading “Bitcoin accepted here”, outside a moto reapair shop where the cryptocurrency is accepted as a payment method, in Aguilares, El Salvador October 6, 2021. Picture taken October 6, 2021. REUTERS/Jose Cabezas

    Separately, the IMF warns the risk of runs for stablecoins could also trigger a fire sale of commercial paper. Also, as stablecoin and cryptocurrency use grows, the IMF warns that it could harm fiscal policy by enabling tax evasion.

    Stablecoins are cryptocurrencies whose values are tied to fiat currencies like the U.S. dollar, precious metals, or short-term securities as a way to mitigate the inherent volatility of cryptocurrencies. They are used by traders to get in and out of trades, settle trades.

    Tether (USDT-USD), the world’s largest stablecoin by market capitalization, holds nearly $70 billion worth of commercial paper. The IMF warns if there’s a run on Tether then it could create a run on commercial paper, noting that such a contagion risk could happen for other stablecoins in the future.

    The report suggested risks can be further amplified by the use of leverage offered in crypto exchanges, which has been as high as 125 times the initial investment, according to the IMF.

    The market capitalization for stablecoins has quadrupled in 2021 to more than $120 billion, while trading volumes outpace other crypto assets, since they’re used for settling spot and derivative trades on exchanges.

    Most stablecoins don’t offer transparent disclosure of what’s backing them. While Tether has disclosed the composition of its backed assets, the IMF says those disclosures aren’t audited by independent accountants — and some important information is still missing, including domicile, denomination of currencies, and sector of commercial paper holdings.

    U.S. authorities are expected to roll out a regulatory proposal for stablecoins later this month, and mandating transparency of what exactly backs stablecoins is expected to be part of the recommendations.

    The IMF also warns that using stablecoins as means of payment and store of value could pose more challenges, by reinforcing economies to align their currencies with the U.S. dollar. The issue is that it could hurt central banks’ ability to make monetary policy, and lead to financial stability risks through currency mismatches on the balance sheets of banks, firms, and households.

    Additionally, the IMF cautioned the banking sector could come under pressure if the crypto ecosystem becomes an alternative to bank deposits or even loans.

    Stronger competition for bank deposits through stablecoins held on crypto exchanges or private wallets could push local banks toward less stable and more expensive funding sources to maintain similar levels of loan growth, according to the report.

    Generally unsound economic policies, combined with inefficient payment systems in some emerging markets and developing economies, is boosting crypto adoption there, the fund stated.

    However, the international body isn’t in favor of countries adopting cryptocurrencies as the main national currency, noting that it “carries significant risks and is an inadvisable shortcut.” It’s partly why El Salvador’s experiment with bitcoin (BTC) is being watched closely.

    GUARDING AGAINST RISKS

    Some of Bitcoin enthusiast Mike Caldwell&#39;s coins are pictured at his office in this photo <a href=illustration in Sandy, Utah, January 31, 2014. REUTERS/Jim Urquhart REUTERS/Jim Urquhart (UNITED STATES – Tags: BUSINESS)” src=”” data-src=”https://s.yimg.com/ny/api/res/1.2/F5aqMXlXmGqIbstOrgvngA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MA–/https://s.yimg.com/os/creatr-uploaded-images/2020-10/68f7d9d0-13a4-11eb-ab93-12d6ce0fc0fe”>

    Some of Bitcoin enthusiast Mike Caldwell’s coins are pictured at his office in this photo illustration in Sandy, Utah, January 31, 2014. REUTERS/Jim Urquhart REUTERS/Jim Urquhart (UNITED STATES – Tags: BUSINESS)

    To guard against systemic risks to the global financial system, the IMF said global standards for crypto assets should be adopted—notably for taxes — and that national regulators should coordinate for effective enforcement to prevent regulatory arbitrage.

    The IMF also appeared to side with Securities and Exchanges Commission Chair Gary Gensler, noting in the report that if crypto exchanges deal with tokens that meet the definition of securities, then those tokens should be regulated as securities. The exchanges should then be required to meet those disclosures, both domestically and internationally.

    For stablecoins, the international body says disclosure requirements for what stablecoins are backed by should be mandated, along with independent audits of those reserves.

    “Globally, policymakers should prioritize making cross-border payments faster, cheaper, more transparent and inclusive through the G20 Cross Border Payments Roadmap,” the IMF said.

    READ MORE:

    For more information about cryptocurrency, check out:

    Dogecoin, what is it? How to buy it

    Ethereum: What is it and how do you invest in it?

    The top 21 crypto leaders to watch in the back half of 2021

    Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit

    A man stand next to a sign reading

    Source: https://finance.yahoo.com/news/imf-warns-cryptocurrencies-may-threaten-financial-stability-without-regulation-143013295.html

    Here’s What Sumner Posted To Instagram After Being Traded From The Pacers

    Edmond Sumner was traded to the Brooklyn Nets earlier in the week, and after the trade he posted photos with a long caption to his Instagram page.

    A screenshot of the caption he put on is post next to his photos (his Instagram is private, so the actual post cannot be embedded) can be seen captured below.

    Screenshot captured from Edmond Sumner's Instagram post.

    Screenshot captured from Edmond Sumner’s Instagram post.

    The caption said: “Thank you @pacers for making my dream come true. That moment in life I’ll never forget. Last 5 years have been great here. The fans here are amazing. The amount of love I’ve been getting keeps the smile wide. I’ve grown so much on and off the court because of the Pacers and Indy, which makes this a bittersweet moment. But it’s God’s plan. Chin up always I been beat the odds 🙏🏾 been through too much to let any of it keep me down. Ready for the next chapter 💯🙌🏾”

    Sumner has been in the NBA for four seasons, and all four years have been in Indiana with the Pacers.

    Last year he averaged a career-high in both points (7.5 PPG) and rebounds (1.8 RPG).

    ESPN’s Adrian Wojnarowski was the first to report the trade on Tuesday, and he also added to his report (see Tweet below) that the Nets will waive Sumner who is out for the season with an Achilles injury.

    The official announcement from the Pacers about the trade can be seen in a post that is embedded below from the team’s Twitter account on Wednesday.

    Source: https://www.si.com/nba/pacers/news/nba-trade-news-check-out-what-this-player-wrote-on-instagram-after-being-traded-to-the-brooklyn-nets

    Bonds Bounce


    October 08, 2021 11:52 GMT

    US TSY FUTURES

    Sign up now for free access to this content.

    Please enter your details below and select your areas of interest.

    Areas of interests

    Market News may contact you in your professional capacity with information about our other products and services that we believe may be of interest to you. You will be able to update your communication preferences via the unsubscribe link provided within your communication.

    Tsy 30Y Bond futures have pared weaker overnight levels over last 90 minutes, nominally higher now amid decent pre-open volumes (USZ1> 100k, TYZ1> 485k) ahead headline employ report at 0830ET. Yield curves off earlier steeper levels:

    • 3M10Y +0.541, 152.257 (L: 148.096 / H: 154.629)
    • 2Y10Y -0.424, 125.923 (L: 125.699 / H: 128.199)
    • 2Y30Y -0.412, 181.268 (L: 180.725 / H: 184.242)
    • 5Y30Y -0.461, 109.82 (L: 109.08 / H: 111.494)

    Market News may contact you in your professional capacity with information about our other products and services that we believe may be of interest to you. You will be able to update your communication preferences via the unsubscribe link provided within your communication.

    Source: https://marketnews.com/bonds-bounce

    Nexo Unveils Off-Chain Transfer Feature for All Supported Cryptocurrencies | Headlines | News

    Nexo, a regulated digital asset entity that “unlocks the power of crypto,” has launched a new off-chain and free transfer service for supported cryptocurrencies.

    Off-Chain Transfer Suits Nexo’s Broad Community

    As per a press release on August 25, the service is accessible to over two million users. It allows any of the more than ten supported digital assets, including Bitcoin and Ethereum, to be moved without paying fees between Nexo accounts. As per the Product Owner, this solution only fits the platform, keeping in mind their broad client base and “360-degree product suites” on offer.Commenting, Elitsa Taskova, an executive with Nexo, said:

    “Off-chain transfers are the way to go for companies with broad communities and 360-degree product suites like ours. Since the Nexo platform is the go-to crypto platform for entire extended families and friend groups, this type of transfer ensures that no matter how high the fees and congested the network, if you want to send funds to your friends or family, you can always do so hassle-free – with zero transfer fees, instantly.”

    The feature is available for its mobile and web clients. Nexo has said the service would save its clients the need to transact through third-party services who end up charging high fees. Additionally, since the service is off-chain, clients are saved from shelling unnecessarily high network fees in some networks like Bitcoin and Ethereum.

    Nexo Is Moving in Sync with Wider Development for Low-Cost Crypto Transfers

    To transfer funds, the user needs first to input the address or scan the QR code. Afterward, Nexo will automatically associate the receiving address with any of its accounts. From there, funds will be quickly transferred to the destination address without network confirmation or being looped via third-party custodians.Nexo has also indicated that though the transfer is classified as a “withdrawal,” its system won’t reduce the number of free monthly crypto withdrawals allocated to their users.The crypto community is increasingly shifting its attention to off-chain solutions to address the need for near-zero or nil transaction fees and instant transactions. Nexo’s off-chain transfer solution mirrors the trajectory of the wider crypto development community towards the realization of such convenient yet secure products.

    Source: https://coinmarketcap.com/headlines/news/nexo-off-chain-transfer-feature-cryptocurrencies/

    Here’s How Your Trade Nektar Therapeutics (NKTR) Aggressively Right Now

    Nektar Therapeutics (NASDAQ:NKTR) went down by -4.27% from its latest closing price compared to the recent 1-year high of $26.75. The company’s stock price has collected -8.13% of loss in the last five trading sessions. Press Release reported on 08/05/21 that Nektar Therapeutics Reports Second Quarter 2021 Financial Results

    Is It Worth Investing in Nektar Therapeutics (NASDAQ :NKTR) Right Now?

    Plus, the 36-month beta value for NKTR is at 1.45. Opinions of the stock are interesting as 6 analysts out of 15 who provided ratings for Nektar Therapeutics declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”

    3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

    We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

    Click here for full details and to join for free

    Sponsored

    The average price from analysts is $29.83. NKTR currently public float of 180.73M and currently shorts hold a 9.94% ratio of that float. Today, the average trading volume of NKTR was 853.52K shares.

    NKTR’s Market Performance

    NKTR stocks went down by -8.13% for the week, with a monthly drop of -15.98% and a quarterly performance of -22.72%, while its annual performance rate touched -29.66%. The volatility ratio for the week stands at 4.10% while the volatility levels for the past 30 days are set at 3.59% for Nektar Therapeutics. The simple moving average for the period of the last 20 days is -10.77% for NKTR stocks with a simple moving average of -22.71% for the last 200 days.

    Analysts’ Opinion of NKTR

    Many brokerage firms have already submitted their reports for NKTR stocks, with Stifel repeating the rating for NKTR by listing it as a “Buy.” The predicted price for NKTR in the upcoming period, according to Stifel is $24 based on the research report published on June 28th of the current year 2021.

    Goldman, on the other hand, stated in their research note that they expect to see NKTR reach a price target of $24. The rating they have provided for NKTR stocks is “Neutral” according to the report published on May 18th, 2021.

    NKTR Trading at -14.42% from the 50-Day Moving Average

    After a stumble in the market that brought NKTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.36% of loss for the given period.

    Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 4.10%, as shares sank -12.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.63% lower at present.

    During the last 5 trading sessions, NKTR fell by -8.13%, which changed the moving average for the period of 200-days by -18.19% in comparison to the 20-day moving average, which settled at $15.98. In addition, Nektar Therapeutics saw -15.59% in overturn over a single year, with a tendency to cut further losses.

    Insider Trading

    Reports are indicating that there were more than several insider trading activities at NKTR starting from CHESS ROBERT, who sale 91 shares at the price of $16.80 back on Jul 22. After this action, CHESS ROBERT now owns 280,573 shares of Nektar Therapeutics, valued at $1,529 using the latest closing price.

    CHESS ROBERT, the Director of Nektar Therapeutics, sale 3,524 shares at $16.81 during a trade that took place back on Jul 21, which means that CHESS ROBERT is holding 280,573 shares at $59,238 based on the most recent closing price.

    Stock Fundamentals for NKTR

    Current profitability levels for the company are sitting at:

    • -248.45 for the present operating margin
    • +81.21 for the gross margin

    The net margin for Nektar Therapeutics stands at -290.65. The total capital return value is set at -23.35, while invested capital returns managed to touch -29.84. Equity return is now at value -45.70, with -32.30 for asset returns.

    Based on Nektar Therapeutics (NKTR), the company’s capital structure generated 29.74 points at debt to equity in total, while total debt to capital is 22.92. Total debt to assets is 20.82, with long-term debt to equity ratio resting at 28.45. Finally, the long-term debt to capital ratio is 21.93.

    >> 7 Top Picks for the Post-Pandemic Economy <<

    When we switch over and look at the enterprise to sales, we see a ratio of 15.00, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 3.79 and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.83.

    Click here for full details and to join for free

    Source: https://newsheater.com/2021/08/12/heres-how-your-trade-nektar-therapeutics-nktr-aggressively-right-now/

    Highlights from the Ratings and Financial Report for Robinhood Markets Inc. (HOOD)

    Robinhood Markets Inc. (NASDAQ:HOOD) went up by 7.93% from its latest closing price compared to the recent 1-year high of $85.00. The company’s stock price has collected 56.50% of gains in the last five trading sessions. Barron’s reported on 08/07/21 that New Investors Are Rushing Into the Stock Market. Robo-Advisors Are Ready.

    Is It Worth Investing in Robinhood Markets Inc. (NASDAQ :HOOD) Right Now?

    Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Robinhood Markets Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

    3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

    We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

    Click here for full details and to join for free

    Sponsored

    The average price from analysts is $87.07. HOOD currently public float of 519.19M. Today, the average trading volume of HOOD was 83.61M shares.

    HOOD’s Market Performance

    The simple moving average for the period of the last 20 days is 19.67% for HOOD stocks with a simple moving average of 19.67% for the last 200 days.

    Analysts’ Opinion of HOOD

    Many brokerage firms have already submitted their reports for HOOD stocks, with Wolfe Research repeating the rating for HOOD by listing it as a “Peer Perform.” The predicted price for HOOD in the upcoming period, according to Wolfe Research is $45 based on the research report published on August 05th of the current year 2021.

    HOOD Trading at 19.67% from the 50-Day Moving Average

    After a stumble in the market that brought HOOD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.28% of loss for the given period.

    During the last 5 trading sessions, HOOD rose by +56.50%, in comparison to the 20-day moving average. In addition, Robinhood Markets Inc. saw 57.98% in overturn over a single year, with a tendency to cut further gains.

    Insider Trading

    Reports are indicating that there were more than several insider trading activities at HOOD starting from Chennapragada Aparna, who sale 18,297 shares at the price of $65.60 back on Aug 04. After this action, Chennapragada Aparna now owns 0 shares of Robinhood Markets Inc., valued at $1,200,242 using the latest closing price.

    Howard Gretchen, the Chief Operating Officer of Robinhood Markets Inc., sale 193,000 shares at $34.32 during a trade that took place back on Jul 30, which means that Howard Gretchen is holding 219,300 shares at $6,624,358 based on the most recent closing price.

    Stock Fundamentals for HOOD

    Current profitability levels for the company are sitting at:

    • +1.44 for the present operating margin
    • +50.51 for the gross margin

    The net margin for Robinhood Markets Inc. stands at +0.30. The total capital return value is set at 0.49, while invested capital returns managed to touch 0.19.

    Based on Robinhood Markets Inc. (HOOD), the company’s capital structure generated 92.98 points at debt to equity in total, while total debt to capital is 48.18. Total debt to assets is 17.98, with long-term debt to equity ratio resting at 2.26. Finally, the long-term debt to capital ratio is 1.17.

    >> 7 Top Picks for the Post-Pandemic Economy <<

    The receivables turnover for the company is 0.46 and the total asset turnover is 0.13.

    Source: https://newsheater.com/2021/08/09/highlights-from-the-ratings-and-financial-report-for-robinhood-markets-inc-hood/

    Top 5 cryptocurrencies to watch this week: BTC, LTC, ICP, THETA, FTT – Cointelegraph

    bitcoin

    Bitcoin (BTC) $ 43,677.00

    ethereum

    Ethereum (ETH) $ 2,960.07

    tether

    Tether (USDT) $ 1.00

    binance-coin

    Binance Coin (BNB) $ 341.65

    cardano

    Cardano (ADA) $ 1.42

    xrp

    XRP (XRP) $ 0.794326

    dogecoin

    Dogecoin (DOGE) $ 0.241315

    usd-coin

    USD Coin (USDC) $ 1.00

    polkadot

    Polkadot (DOT) $ 19.48

    uniswap

    Uniswap (UNI) $ 26.30

    binance-usd

    Binance USD (BUSD) $ 1.00

    bitcoin-cash

    Bitcoin Cash (BCH) $ 553.29

    solana

    Solana (SOL) $ 37.59

    chainlink

    Chainlink (LINK) $ 22.75

    litecoin

    Litecoin (LTC) $ 148.59

    wrapped-bitcoin

    Wrapped Bitcoin (WBTC) $ 43,663.00

    internet-computer

    Internet Computer (ICP) $ 61.64

    ethereum-classic

    Ethereum Classic (ETC) $ 57.44

    matic-network

    Polygon (MATIC) $ 1.08

    stellar

    Stellar (XLM) $ 0.288752

    vechain

    VeChain (VET) $ 0.100464

    theta-token

    Theta Network (THETA) $ 6.40

    filecoin

    Filecoin (FIL) $ 63.86

    okb

    OKB (OKB) $ 23.03

    terra-luna

    Terra (LUNA) $ 13.51

    dai

    Dai (DAI) $ 1.00

    tron

    TRON (TRX) $ 0.071382

    compound-usd-coin

    cUSDC (CUSDC) $ 0.022080

    monero

    Monero (XMR) $ 260.56

    aave

    Aave (AAVE) $ 357.78

    ftx-token

    FTX Token (FTT) $ 43.53

    compound-ether

    cETH (CETH) $ 59.31

    cdai

    cDAI (CDAI) $ 0.021545

    eos

    EOS (EOS) $ 4.27

    pancakeswap-token

    PancakeSwap (CAKE) $ 17.70

    shiba-inu

    Shiba Inu (SHIB) $ 0.000007

    cosmos

    Cosmos (ATOM) $ 13.10

    crypto-com-chain

    Crypto.com Coin (CRO) $ 0.134175

    the-graph

    The Graph (GRT) $ 0.675102

    neo

    NEO (NEO) $ 44.72

    klay-token

    Klaytn (KLAY) $ 1.20

    amp-token

    Amp (AMP) $ 0.059497

    maker

    Maker (MKR) $ 3,153.22

    bitcoin-sv

    Bitcoin SV (BSV) $ 145.61

    leo-token

    LEO Token (LEO) $ 2.87

    tezos

    Tezos (XTZ) $ 3.18

    celsius-degree-token

    Celsius Network (CEL) $ 6.24

    algorand

    Algorand (ALGO) $ 0.823119

    avalanche-2

    Avalanche (AVAX) $ 14.78

    bittorrent-2

    BitTorrent (BTT) $ 0.003780

    tether

    Source: https://coingraph.uno/2021/08/09/top-5-cryptocurrencies-to-watch-this-week-btc-ltc-icp-theta-ftt-cointelegraph/

    Why Square Stock Rose This Week

    The fintech company reported second-quarter earnings this week and announced a big acquisition. Key Points

    • Square reported diluted earnings per share of $0.40 for Q2, which beat analysts’ expectations.
    • Revenue of nearly $4.7 billion missed expectations.
    • Square also announced that it plans to acquire Australian fintech company Afterpay.

    What happened

    Shares of digital payments company Square (NYSE:SQ) rose by more than 11% this week after it reported its second-quarter earnings and announced it would be acquiring Australian fintech company Afterpay (OTC:AFTP.F).

    So what

    Square reported diluted earnings per share of $0.40 in the quarter on total net revenue of $4.7 billion. EPS beat analysts’ expectations handily, but revenue fell short of the consensus prediction by more than $300 million.

    However, the real news that seemed to drive the stock this week was the announcement that Square plans to acquire Australian-based fintech Afterpay in an all-stock transaction valued at $29 billion. Afterpay is a buy now, pay later company that enables customers to obtain their purchases right away and pay for them in four interest-free installments.

    Square said it plans to integrate Afterpay into its Square Seller community and Cash App, so small merchants can provide buy now, pay later options to their customers. It will also help merchants using Square gain more visibility among potential customers, the company said.

    Squiggly line rising on chart.

    Image source: Getty Images.

    Now what

    Despite the hefty purchase price, Square CFO Amrita Ahuja noted on CNBC that Afterpay is one of the few companies that is growing at a similar pace to Square, and said Afterpay will actually be accretive to its already huge growth.

    Afterpay will also help Square with its international expansion, giving the company a whole new set of customers to cross-sell its already successful products to, so investors seem to think the benefits of the deal justify its price.

    This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

    Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends AFTERPAY T FPO and Square. The Motley Fool has a disclosure policy.

    “> Motley Fool Returns

    Stock Advisor S&P 500

    594% 137%

    Join Stock Advisor

    Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.

    Stock Advisor launched in February of 2002. Returns as of 08/07/2021.

    Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return Motley Fools Stock Advisor has out performed the market by over 200% over the last 18 years

    Related Articles

    Square reported diluted earnings per share of $0.40 in the quarter on total net revenue of $4.7 billion. EPS beat analysts’ expectations handily, but revenue fell short of the consensus prediction by more than $300 million.

    Source: https://www.fool.com/investing/2021/08/06/why-square-stock-rose-this-week/