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In 2018, Weebly was acquired by Square, Inc. (now known as Block, Inc. [7]) for approximately $365 million in cash and stock. At the time of the acquisition on June 4, 2018., [ 8 ] Weebly had millions of customers and over 625,000 paid subscribers.
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[116] [117] On April 26, 2018, Square announced that it would acquire Weebly, a website-building service, for $365 million. [118] In May 2019, Square announced that it had acquired Eloquent Labs, an artificial intelligence startup helping improve the customer service experience. [119]
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Square (SQ) updates the guidance for second quarter and entire 2018 by considering the effects of Weebly acquisition and note offering.
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Square charges $99 for Square Stand and $59 for its chip-based Square Reader. [54] The Square app is freely downloadable from the Apple App Store and the Google Play Store. Square charges a fee of 2.6% plus $0.10 on every electronically scanned credit card transaction [ 55 ] or 3.50% plus $0.15 per manually-entered transaction.