Square nearly doubles revenue in fourth quarter but loses $41m in 2015
by Sam Thielman in New York from Technology | The Guardian on (#16JPP)
Payment company reports $374m revenue and indicates it is close to breaking even amid growth in use of chip cards and contactless payments
There was some good news for tech entrepreneur Jack Dorsey on Wednesday, for a change: Square, the payment company he founded, reported robust growth, with total revenue up by nearly half to $374m.
The digital payments firm entered the market in November at a price so low it shaved off more than half of the company's value, and it fell precipitously throughout January.
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