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Here's Why Square Dropped 18% in November

·3-min read
Here's Why Square Dropped 18% in November
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  • SQ

Square (NYSE: SQ) fell 18.1% in November, according to data from S&P Global Market Intelligence, because of disappointing quarterly results and declining Bitcoin market prices. Investors weren't impressed by Square's revenue growth, and the company's increasing exposure to cryptocurrencies also weighed on the stock, as Bitcoin (CRYPTO: BTC) had a volatile month. Square's quarterly revenue growth slowed dramatically and fell short of analyst estimates.

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