Shares of Square Inc (NYSE:SQ) ended Friday session in red amid volatile trading. The shares closed down -0.51 points or -4.33% at $11.27 with 123.75 million shares getting traded. Post opening the session at $11.67 the shares hit an intraday low of $11.16 and an intraday high of $11.68 and the price vacillated in this range throughout the day. The company has a market cap of $3.68 billion and the numbers of outstanding shares have been calculated to be 123.75 million shares.
On August 10, 2016 Square Inc (SQ) and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to businesses that operate outside of Square’s payment processing ecosystem. Working with Upserve, Square will apply its innovative machine learning models to enable Upserve customers to select loan offers through Square Capital within their existing suite of Upserve software purpose built for restaurateurs.
“This partnership with Square further cements our dedication to helping restaurants thrive in all parts of their business. Providing our customers access to Square Capital opens up new opportunities for improvement and growth whether it be in location expansion, new equipment, or investments in technology that help modernize their operations. We can’t wait to see what our customers will do with an infusion of fresh capital through our partnership,” said Dave Hoffman, VP of Business Development at Upserve.
“We are proud to partner with Upserve and offer loans through Square Capital to even more small businesses who traditionally face barriers when seeking access to funds,” said Jacqueline Reses, Head of Square Capital. “Square and Upserve share a passion for empowering businesses to grow and achieve their goals, and a crucial component to success is access to capital.”
Shares of America Movil SAB de CV (ADR) (NYSE:AMX) ended Friday session in red amid volatile trading. The shares closed down -0.30 points or -2.53% at $11.54 with 44.28 billion shares getting traded. Post opening the session at $11.61 the shares hit an intraday low of $11.54 and an intraday high of $11.78 and the price vacillated in this range throughout the day. The company has a market cap of $36.81 billion and the numbers of outstanding shares have been calculated to be 44.28 billion shares.
America Movil SAB de CV (ADR) (AMX) provides telecommunications services in Mexico and internationally. It offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services, as well as network interconnection and public telephony services. The company also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; and data transmission, email services, instant messaging, content streaming, and interactive applications, as well as data center, data administration, and hosting services to residential and corporate clients.