Square sinks after Paypal acquires iZettle to better compete in payments (SQ, PYPL)

Square shares are lower after Paypal announced it will acquire iZettle, a European fintech startup.  iZettle will allow Paypal to compete better in the point-of-sale business where Square previously had a large advantage.  Watch Square trade in real-time here. 

Square shares are down more than 4% in Friday after Paypal announced it will acquire European fintech company iZettle for $2.2 billion.

The acquisition of iZettle, which produces mini credit card readers for smartphones and tablets,

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