Square’s Holdings in Eventbrite Balloon from $25M to $62M

[kreslik.news]

Square’s holding in Eventbrite have more than doubled from $25 million to $61.9 million, according to a new report from CNBC. The massive gain contributed to Square’s $20 million profit in Q3.

Square has also caught the attention of investors worldwide due to the fact that its own stock price has doubled this year. The company’s stake in Eventbrite shows a healthy effort to diversify–while Square’s simple payments business has maintained a rather steady growth pattern, Eventbrite has expanded through a number of new service offerings, including food delivery and lending.

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