Companies

Square falls 9% on concerns of ‘overlooked credit risk’

“”The market appears to be overlooking any risks to the company’s business model, and credit risk in particular,” Palmer said in a note to clients Monday. “Our bearish thesis on Square (SQ) is predicated in part on our view that the company’s increasing dependence on the extension of credit to its customers to spur its growth has made its business model increasingly vulnerable to volatility in the credit markets.””