Why is Block (Square) acquiring Afterpay so much?

On August 1, 2021, Block (ticker: SQ) announced a 30% premium to acquire BNPL’s largest player Afterpay (Australian stock code APT, ticker: AFTPY) at a sky-high price of US$ 29 billion. On that day, Block’s stock price soared by more than 11% in response. This is a rare anomaly that is different from common sense; … Continue reading “Why is Block (Square) acquiring Afterpay so much?”

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