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Current status. Active. Square is a financial services platform by Block, Inc. for small and medium-sized businesses. [1] [2] It enables accepting credit card payments using smartphones as POS registers, and facilitates various business operations.
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Block, Inc. (formerly Square, Inc.) is a U.S. listed company founded by Jack Dorsey and Jim McKelvey in 2009. It is a financial technology conglomerate. The company reportedly serves 56 million users and 4 million businesses, and processes payments worth US$ 228 billion annually as of 2023.
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Pershing Square Holdings, according to the same report, generated a five-year average annualized return of 31.2%, nearly double the 15.7% produced by the S&P 500 over the same time period.
In 2004, the clock was dismantled and a new one installed near 44th Street and Sixth Avenue. In 2008, the U.S. national debt exceeded $10 (~$14.00 in 2023) trillion, one more digit than the clock could display. The lit dollar-sign in the clock's leftmost digit position was later changed to the "1" digit to represent the ten-trillionth place.
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