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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald