Why Square Stock Dropped Today

Joe Tenebruso, The Motley Fool
·1 min read
Why Square Stock Dropped Today

Shares of Square (NYSE: SQ) fell 7.5% on Wednesday, following the release of the digital payments and financial services company's fourth-quarter results. Square's revenue soared 141% year over year to $3.2 billion, fueled by a surge in demand for its Bitcoin (CRYPTO: BTC) trading services.