Square Competition Concern Intensifies as Key Customer Bails
A customer inserts a credit card into Square device while making a payment in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Square Inc.’s loss of Joe & the Juice A/S as a customer has sparked concerns on Wall Street that competition for larger sellers is heating up.
While the revenue contribution from the closely-held Danish company is "relatively immaterial" for Square, it has previously been cited as a "key customer case" of how Square is gaining larger customers, Morgan Stanley analyst James Faucette wrote in a note.