Virgin’s Richard Branson Invests in Mobile Payments Guru Square

Square has received an investment from British billionaire and entrepreneur Richard Branson, according to Reuters. Details of the investment were not disclosed, other than it was in the “multimillions.” Square allows small-business owners, or just about anyone, to accept a credit card payment with a smartphone. It recently raised $100 million from Kleiner Perkins Caufield & Byers.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work