Square's share price falls after CFO steps down

Jamie McKane

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Square's share price falls after CFO steps down

Square Inc. shares slid as much as 16 percent, the most intraday in close to 11 months, after the firm said longtime Chief Financial Officer Sarah Friar is stepping down.

Wall Street expects the news to continue to pressure the stock in the coming months as investors cope with uncertainty from the surprising departure of a highly respected executive.

[Bloomberg]
 
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