American Express Buys Tock to Pursue Customers Shelling Out on Dining [The New York Times]
Squarespace, Inc. Class A (SQSP)
Company Research
Source: The New York Times
The credit card giant American Express has acquired Tock, a restaurant reservation and event management company, from the digital commerce platform Squarespace for $400 million, American Express said on Friday.The purchase of the reservation system in an all-cash deal shows that American Express is continuing its pursuit of the market for dining-related services, especially after itsacquisition in 2019 of Resyit said“Restaurants are one of our largest card member spending categories within travel and entertainment,” with $100 billion in transactions in 2023, Howard Grosfield, president of the consumer services division for American Express, said in a statement.Nick Kokonas, a former derivatives trader and an owner of the Chicago fine-dining restaurantAlineaprepaid reservations and depositsThe company was acquired by Squarespace in 2021, and its bank of restaurants, wineries and other venues has grown to about 7,000 participants, American Express said.The credit card company “will be
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News
- The Schall Law Firm Is Initiating A Probe Into Claims Against Squarespace Inc And Encourages Shareholders To Reach OutAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SQSP, RPHM, VAPO on Behalf of ShareholdersAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SQSP, OSG, AGR on Behalf of ShareholdersAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SQSP, VAPO on Behalf of ShareholdersGlobeNewswire
- The Schall Law Firm Is Starting An Investigation Into Allegations Against Squarespace Inc And Urges Shareholders To Make ContactAccesswire
SQSP
Earnings
- 5/7/24 - Beat
SQSP
Sec Filings
- 6/21/24 - Form 8-K
- 6/20/24 - Form 4
- 6/18/24 - Form 144
- SQSP's page on the SEC website