Better Buy: Square vs. Afterpay
Square (NYSE: SQ), the company that brought Bitcoin to the masses and is revolutionizing the whole banking sector, surprised a lot of Fools when it made a deal to buy Afterpay (OTC: AFTP.F), the Australian creator of the "buy now, pay later" (BNPL) space that has taken the world by storm. Afterpay has upended the whole notion of credit by making it free (if you pay on time).
Some Fools were unhappy that Square bought the unprofitable-but-fast-growing Australian superstar, arguing that CEO Jack Dorsey paid too much. Nonetheless, Dorsey has been right over and over again in the fintech space, so the criticisms of this merger weren't too loud. Still, some people might wish the union would fall apart. If it did, which company would you rather own?
Fool contributor Anders Bylund says Square would be his choice, while Fool writer Taylor Carmichael opts for Afterpay. And here's why we think this way.
Source Fool.com
