Why Square's Stock Plummeted in March
Shares of payment processing company Square (NYSE: SQ) tumbled 37.1% in March, according to data provided by S&P Global Market Intelligence, as small businesses around the country closed because of the coronavirus crisis.
Square has become a staple of the small business community by creating an easy-to-use payment processing platform, and it's estimated that more than 40% of the company's sales come from restaurants and retailers. With many of those businesses now closed, at least temporarily, Square's revenue will no doubt suffer in the coming months.
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Source Fool.com
