SQ: SNAP abandons mobile payments

Investment Analysis Clubs Saul’s Investing Discussions
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https://finance.yahoo.com/news/snap-kills-snapcash-abandons-…

Snap (NYSE: SNAP) will pull the plug on Snapcash, its mobile peer-to-peer payments app for Snapchat, on Aug. 30. Snap launched Snapcash in late 2014 via a partnership with Square (NYSE: SQ), but it didn’t gain much ground against bigger rivals like PayPal’s (NASDAQ: PYPL) Zenmo, Square’s own Cash app, and Zelle.

Also, SQ’s CashApp is now almost as big as Paypal’s Venmo.

Chris

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Also, SQ’s CashApp is now almost as big as Paypal’s Venmo.

Chris

Based on # of users or TPV?

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Based on # of users or TPV?

Number of app downloads.

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*Based on # of users or TPV?*

Number of app downloads.

Hahaha, okay, back to P/eyeballs again. I’ve seen this movie before.

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