Sq. simply purchased a restaurant supply firm
This is one thing sudden: Sq. — the corporate that turned your cellular phone right into a bank card reader — simply bought Caviar, an organization that delivers meals from eating places that do not usually ship. It is an sudden acquisition; Caviar is a shopper dealing with service, whereas Sq. tends to market its providers to unbiased companies. Nonetheless, Sq. CEO Jack Dorsey says the acquisition is totally on monitor with the corporate’s objectives.
“Caviar’s curated, seamless supply expertise is strictly the type of service we need to present consumers and sellers,” the CEO defined. “By making supply such a quick, pleasant and straightforward course of, Caviar provides time again to eating places to allow them to concentrate on what they do greatest — cooking nice meals for his or her clients.” Caviar will nonetheless function independently of Sq., no less than for now, however it provides the corporate another service to supply to unbiased companies to assist them develop. Perhaps this acquisition is sensible in any case.
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