Wednesday, April 23, 2014

Amid rumors of a buyout and reports of cash crunch, is Square all boxed in?


Not so long ago, Square was flying high. Its CEO, Jack Dorsey, was being called the next Steve Jobs and bankers were reportedly salivating at the prospect of taking it public. But in the last few months its prospects seemed to have soured, at least according to the press. A recent report from the Wall Street Journal said that Square is running low on money and engaged in talks with multiple companies about possibly getting acquired.


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