I wonder how much this says about Square's cash flow situation and in addition to what it says about their customer's economic conditions.
IIRC Square makes most of its money via small business lending. To the extent that space is over-represented by retail and restaurants, defaults should be spiking.
Comments
I wonder how much this says about Square's cash flow situation and in addition to what it says about their customer's economic conditions.
IIRC Square makes most of its money via small business lending. To the extent that space is over-represented by retail and restaurants, defaults should be spiking.
i think a big factor is spikes in chargebacks due to coronavirus