The mobile payment company has failed to impress investors ahead of a share sale that is a crucial test for Silicon Valley’s “unicorns”Mobile payment company Square slashed its share price on Wednesday night ahead of a sale that is casting a shadow over the new darlings of the tech sector. The small-trade-centric digital payments firm,which makes portable credit card scanners that work with smartphones, is run by Twitter co-founder and CEO Jack Dorsey. It is one of a number of so-called “unicorns” - start-up companies valued at billions of dollars that absorb yet to construct a profit.
Continue reading...
Source: theguardian.com