Extra Crunch roundup: Square buys Afterpay, paid search basics, career advice for devs – TechCrunch

Reading Time: 12 minutes Square paid around a quarter of its present-day value for Afterpay, Alex Wilhelm notes in The Exchange. That seems like a lot. But was it too much? “Afterpay brings global revenues, global users and a more diverse merchant network to Square,” Alex notes. “It would have had to spend to derive those assets over time. … Read more

The next generation of global payments: Afterpay + Square – TechCrunch

Reading Time: 11 minutes Dana Stalder is a partner at Matrix Partners. The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. More posts by this contributor 2019 saw a stampede of fintech unicorns 2019 looks to continue another lights-out year … Read more

Why Square is shelling out $29B to snag BNPL player Afterpay – TechCrunch

Reading Time: 5 minutes Square can buy it now and pay a lot, or buy it later and pay more Shares of Square are up this morning after the company announced its second-quarter earnings and that it will buy Afterpay, an Australian buy now, pay later (BNPL) player in a $29 billion deal. As TechCrunch reported this morning, Afterpay … Read more

In Australia’s Biggest-Ever Buyout, Twitter Head’s Firm To Acquire Afterpay

Reading Time: 6 minutes Square is co-founded by Twitter Inc co-founder Jack Dorsey. Square Inc on Monday said it has agreed to purchase buy now, pay later (BNPL) pioneer Afterpay Ltd to create a global online payments giant, offering a 30% premium in a share-swap deal that is set to be Australia’s biggest-ever buyout. Created in 2014, Afterpay has … Read more

Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal – TechCrunch

Reading Time: 6 minutes In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The transaction is expected to close in … Read more

Square launches business bank accounts – TechCrunch

Reading Time: 5 minutes One step at a time, Square is creating a new bank from scratch. Today, the company is launching a new product called Square Banking that combines a checking account, savings accounts, debit cards and loans under a single roof. With Square Banking, the company wants to convince small businesses that it’s just easier to manage … Read more

Relativity Space will open a 1 million square foot factory to scale Terran R production – TechCrunch

Reading Time: 6 minutes Fresh off the heels of a $650 million Series E funding round, 3D printed rocket startup Relativity Space is now preparing to increase production capacity by a factor of ten, with the opening of a 1 million square-foot factory headquarters in Long Beach, California. Relativity’s current factory, a 150,000 square-foot facility also in Long Beach, … Read more