Website Building » Weebly » Does Weebly Own Square?

Does Weebly Own Square?

Last updated on September 28, 2022 @ 4:08 pm

Weebly is a website builder that allows users to create and design their own websites. Weebly is owned by Square, a financial services, merchant services aggregator, and mobile payment company. Does Weebly Own Square?

Weebly is a website builder that allows users to create and design their own websites.

Square is a publicly traded company on the New York Stock Exchange with a market capitalization of $31.74 billion as of February 2021.

PRO TIP: There is no definitive answer to this question – it depends on who you ask and what their interpretation of the situation is. However, some people believe that Weebly does own Square, while others believe that they are simply partners. Either way, it is important to be aware of the potential implications of this relationship before using either service.

While Weebly is not currently profitable, it did generate $25 million in revenue in 2020. The company has been growing at a rate of 20% year-over-year since 2017.

Weebly was founded in 2006 and acquired by Square in 2018 for $365 million. At the time of the acquisition, Weebly had 50 million users and was growing at a rate of 30% year-over-year.

Since being acquired by Square, Weebly has continued to grow its user base and now has over 60 million users as of February 2021. The company has also expanded its product offerings to include ecommerce features and has launched a new logo and website design.

So does Weebly own Square? Yes, Weebly is owned by Square.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.