Square to Acquire Australia-Based Afterpay for $29 Billion

The video discusses Square's acquisition of Afterpay, highlighting the creation of a digital payments powerhouse. Jack Dorsey, CEO of Square, emphasizes the shared purpose of both companies to enhance their ecosystems and offer more products and services. The acquisition aims to appeal to millennials and expand Afterpay's presence in the US. The deal, which includes a significant premium, is expected to close in early 2022. The video also covers the impact of the buy now, pay later model, which gained popularity during the pandemic, and its influence on the fintech industry.

What is the main goal of the acquisition between Square and Afterpay?

• To launch a new cryptocurrency

• To establish a digital payments powerhouse

• To create a new social media platform

• To develop a new e-commerce website

What premium is being offered to Afterpay's last close in the acquisition deal?

• 10%

• 30%

• 40%

• 20%

When is the closing of the acquisition expected to take place?

• First quarter of 2021

• First quarter of 2022

• Second quarter of 2022

• Third quarter of 2022

How does Afterpay's 'buy now, pay later' model benefit consumers?

• It offers discounts on purchases

• It offers free shipping on all orders

• It provides cashback on every purchase

• It allows payment in four installments without fees or interest if paid on time

Which demographic is primarily driving the popularity of the 'buy now, pay later' model?

• Baby Boomers

• Generation Z

• Generation X

• Millennials