Square's success depends on the health of its small business customers, and restaurants and small ... [+] shops are likely to struggle due to the coronavirus. E-commerce payments are a small part of Square’s business, says Jamie Friedman, an equity research analyst at quantitative trading firm Susquehanna. The current environment is a dramatic shift from three weeks ago, when the small business landscape had a bright outlook, Friedman adds. American Express’s 2019 annual report showed healthy demand from its many small business customers. “The overall risk to Square’s business is pretty unknowable,” he says.

Source: Forbes March 16, 2020 20:15 UTC