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Square is selling Caviar to DoorDash for $410 million Square broke $1 billion in revenue in Q2 2019 and announced that it is selling Caviar to DoorDash for $410 million.
DoorDash's existing integration with the Square for Restaurants point-of-sale platform could make Square a top choice for DoorDash restaurants, giving the brand a customer acquisition opportunity and helping it accelerate its burgeoning restaurant business as it angles for larger sellers.
Square made the move because it's increasing its focus on its two ecosystems for businesses and consumers, CEO Jack Dorsey said, and while losing Caviar could hurt, it might help Square build on its strengths.
Business Insider Intelligence's Daniel Keyes has the full story.
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US consumers spend more in-store with digital-native retailers. | | |
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