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Here's Why Square Stock Soared Today

Here's Why Square Stock Soared Today

Shares of Square (NYSE: SQ) jumped 10% on Monday, after the fintech giant struck a deal to acquire Australian installment payments leader Afterpay (OTC: AFTP.F). Afterpay is a leading provider of "buy now, pay later" services used by over 16 million consumers and nearly 100,000 merchants worldwide. Square and Afterpay want to join forces.