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Square is dealing with fallout from its CFO’s upcoming departure, with shares in the company falling again on Thursday (October 12).
The day before, Square’s CEO Jack Dorsey revealed that Sarah Friar — often described as his right-hand person — was leaving the company to become the CEO of Nextdoor. That caused Square stocks to fall more than 8 percent, extending a 10 percent loss in regular trading.
That fall continued the following day as the company’s share price fell as much as 16 percent before closing the day down 11 percent at $69.03, according to the Financial Times.
Analysts noted that investor reaction showed the important role Friar has played at Square, where she served as the most visible person at the company
Read full article » https://www.pymnts.com/news/point-of-sale/2018/square-stocks-sink-post-sarah-friar/
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