Square Stock Surges on $29 Billion Deal to Buy Afterpay

The video discusses Square's acquisition of Afterpay, highlighting the strategic benefits of connecting Square's merchant and consumer ecosystems, and expanding globally. The deal is seen as reasonably priced, with positive market reactions. The acquisition impacts the buy now, pay later market, posing competition to PayPal and other players like Apple and American Express. The video also notes the potential for other companies like Affirm and Klarna to become acquisition targets.

In what ways could the entry of Apple and Goldman Sachs into the buy now, pay later market affect competitors like Afterpay?

Discuss the implications of Square's strategy to connect its ecosystems of merchants and consumers.