Why Square Stock fell on Wednesday?

Motley Fool2021-04-15

Shares of the fintech were down sharply despite lots of cryptocurrency enthusiasm. What happened The stock market was having a mildly negative session on Wednesday, with the S&P 500 down by about 0.4%...

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精彩评论

kino318
2021-04-15
kino318
What is the best entry price
kino318
2021-04-15
kino318
What is the best entry price?
Windtalker78
2021-04-15
Windtalker78
Love this.🤩
13Wonders
2021-04-15
13Wonders
Drop due to $Coinbase Global, Inc.(COIN)$selling off, affecting whole crypto market. $Riot Blockchain, Inc.(RIOT)$and $Marathon Digital Holdings Inc(MARA)$back up soon
- Kennyoscar:
  Ho
- DanielCXL:
  agree
- FlyMeToMoon:
  Time to pick up or Sell off? 🤔
CocoPosh
2021-04-15
CocoPosh
Good insight
- Windtalker78:
  😀
Timtan85
2021-04-15
Timtan85
Like n comment
- Windtalker78:
  😀
- HUATkueh:
  Ok
- wc77:
  done
- 4ebeaef4:
  Pls reply me

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However, fintech giant Square (NYSE:SQ) was a notable underperformer -- shares had fallen by more than 5%.\nSo what\nThis move might seem odd given all of the hype surrounding Bitcoin and other cryptocurrencies.Coinbase completed its long-anticipated direct listing today, and shares were trading for about 30% more than their initial reference price.\nIMAGE SOURCE: SQUARE.\nHowever, it seems like the hype faded throughout the session. At their peak, Coinbase shares had popped by more than 70%, so it's fair to say that investor demand for cryptocurrency-related stocks might be cooling off. And Square has amassive Bitcoin operation -- some estimates say that as much as one-fourth of all U.S. Bitcoin volume can be attributed to the Cash App.\nBeyond that, it's also worth noting that many tech stocks are weak today. 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this.🤩","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/347300892","repostId":1150902707,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347978042,"gmtCreate":1618460654986,"gmtModify":1631885326556,"author":{"id":"3577159132944528","authorId":"3577159132944528","name":"13Wonders","avatar":"https://static.tigerbbs.com/4a3d01f818e43949adaf610d8e431348","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Drop due to <a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>selling off, affecting whole crypto market. <a href=\"https://laohu8.com/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a>and <a href=\"https://laohu8.com/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a>back up soon&nbsp;","listText":"Drop due to <a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>selling off, affecting whole crypto market. <a href=\"https://laohu8.com/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a>and <a href=\"https://laohu8.com/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a>back up soon&nbsp;","text":"Drop due to $Coinbase Global, Inc.(COIN)$selling off, affecting whole crypto market. $Riot Blockchain, Inc.(RIOT)$and $Marathon Digital Holdings Inc(MARA)$back up soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/347978042","repostId":1150902707,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4041107,"gmtCreate":1618462191752,"gmtModify":1635738556954,"authorId":3575882730419858,"author":{"id":3575882730419858,"authorId":3575882730419858,"name":"Kennyoscar","avatar":"https://static.tigerbbs.com/7ae5bbd70eee00b69de3be27b8862938","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347978042,"type":1,"supId":0,"prevId":0,"content":"Ho","text":"Ho","html":"Ho"},{"id":4041238,"gmtCreate":1618463617210,"gmtModify":1635738546391,"authorId":3578225630518844,"author":{"id":3578225630518844,"authorId":3578225630518844,"name":"DanielCXL","avatar":"https://static.tigerbbs.com/a864e0513924ced47472353efa85e296","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347978042,"type":1,"supId":0,"prevId":0,"content":"agree","text":"agree","html":"agree"},{"id":4042076,"gmtCreate":1618473885447,"gmtModify":1635738488957,"authorId":3575520487539106,"author":{"id":3575520487539106,"authorId":3575520487539106,"name":"FlyMeToMoon","avatar":"https://static.tigerbbs.com/413aa048c40df6d6701a19b17e1a3c47","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347978042,"type":1,"supId":0,"prevId":0,"content":"Time to pick up or Sell off? 🤔","text":"Time to pick up or Sell off? 🤔","html":"Time to pick up or Sell off? 🤔"}],"langContent":"EN"},{"id":347921436,"gmtCreate":1618457993225,"gmtModify":1634292801262,"author":{"id":"3573299881996779","authorId":"3573299881996779","name":"CocoPosh","avatar":"https://static.tigerbbs.com/2994528efd5659c489648d11451cddd5","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"&nbsp;Good insight&nbsp;","listText":"&nbsp;Good insight&nbsp;","text":"Good insight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/347921436","repostId":1150902707,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4041019,"gmtCreate":1618461216000,"gmtModify":1635738563369,"authorId":3579431961273157,"author":{"id":3579431961273157,"authorId":3579431961273157,"name":"Windtalker78","avatar":"https://static.tigerbbs.com/0bf69a5ab416d33d0b16be20ef91c642","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347921436,"type":1,"supId":0,"prevId":0,"content":"😀","text":"😀","html":"😀"}],"langContent":"EN"},{"id":347923253,"gmtCreate":1618457855872,"gmtModify":1634292802198,"author":{"id":"3573460795152662","authorId":"3573460795152662","name":"Timtan85","avatar":"https://static.tigerbbs.com/5ac241a703d94ceba483abb0655d0b6b","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/347923253","repostId":1150902707,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4041016,"gmtCreate":1618461203159,"gmtModify":1635738563477,"authorId":3579431961273157,"author":{"id":3579431961273157,"authorId":3579431961273157,"name":"Windtalker78","avatar":"https://static.tigerbbs.com/0bf69a5ab416d33d0b16be20ef91c642","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347923253,"type":1,"supId":0,"prevId":0,"content":"😀","text":"😀","html":"😀"},{"id":4041114,"gmtCreate":1618462311757,"gmtModify":1635738556309,"authorId":3572312712757258,"author":{"id":3572312712757258,"authorId":3572312712757258,"name":"HUATkueh","avatar":"https://static.tigerbbs.com/936c7c3c568dece3e2a6ae1a4510ab73","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347923253,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4041331,"gmtCreate":1618464556139,"gmtModify":1635738538387,"authorId":3576029059404897,"author":{"id":3576029059404897,"authorId":3576029059404897,"name":"wc77","avatar":"https://static.tigerbbs.com/9ece187c7197f1ec611a9df7730f776e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347923253,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"},{"id":4041633,"gmtCreate":1618468249753,"gmtModify":1635738516429,"authorId":3575777532787835,"author":{"id":3575777532787835,"authorId":3575777532787835,"name":"4ebeaef4","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347923253,"type":1,"supId":0,"prevId":0,"content":"Pls 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