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. Excluding its Bitcoin business, the fintech leader's revenue rose 23% to $1.4 billion.
Square's stock price pulled back on Wednesday. Image source: Getty Images.
Source Fool.com
