Square is bringing Afterpay’s short-term installment loans to in-person shoppers. Customers will now be able to use a virtual Afterpay card on their phones to pay merchants that use Square’s point-of-sale systems, Square said on Tuesday. The move comes as companies that benefited from the surge in e-commerce during the pandemic look for ways to capture the return of in-person shopping. Smaller...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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