Square reaches net worth of over 3 billion
San Francisco, CA -- (SBWIRE) -- 09/27/2012 -- CEO and founder of Square and Twitter, Jack Dorsey, has managed to raise up to 3.25 billion dollars in the company’s worth since its foundation last year. After months of raising funding and investments, the company has raised over $200 million in a new round of financing.
Square, a leading company in media and technology, is now up to processing payment from anywhere between $2-8 billion on an annual basis.
The company’s continued success was doubtful after the company relied on Facebook’s IPO to help it during its funding. The IPO has failed, turning disastrous. Nevertheless, the company continues to be successful.
It is unclear whether Facebook’s failed IPO has affected the company’s potential funding and to what extent.
Still, the company’s investors such as Citi Bank and others triumphantly continue towards leading the way in technology and media with Square’s success.
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