One of Jack’s visions for Cash App is to turn it from a finance app into a finance/shopping app linking Cash Apps 54M and growing MAU’s with Square sellers and Afterpay merchants. Creating an exciting shopping destination that shoppers check in everyday and an exciting destination for retailers as they can make extra sales. They have putting the building blocks in place. If Jack can pull this off customers will be able to pay with Cash App Pay or pay in 4 with Afterpay with a closed loop transaction at better margins. Afterpays growth may have slowed over the last 2 years but it could reaccelerate over the next few years. Go Jack.
Ann: Form 8-K Current Report, Items 2.02 and 9.01, page-25
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