Block Inc (SQ)

[DiscoverGold]

The Competition Just Ramped Up for Square and Shopify
By: Motley Fool | June 2, 2018

These multibillion-dollar acquisitions by noteworthy rivals are heating up the competition in the e-commerce and digital payments arenas.

There are a number of megatrends driving growth in the tech industry. E-commerce and digital payments are among the most transformative, changing how we shop and how we pay. The advances occurring in these relatively new industries are causing paradigm shifts in how sales are transacted and consummated.

Shopify (NYSE:SHOP) has been at the forefront of enabling small businesses to conduct e-commerce sales, acting as a one-stop shop for the budding entrepreneur, providing the tools necessary to set up and manage an online store, while developing a host of other business services. Payments maven Square (NYSE:SQ) provided the namesake device that turned any mobile device into a credit card reader and enabled a new generation of small businesses to emerge. The company has since added a variety of services to help smaller operators flourish.

Two recent acquisitions by well-heeled competitors have both companies on the defensive, and they mark a significant change to the competitive landscape.

>>> Read More

• DiscoverGold