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What happened to Afterpay shares?

Afterpay shares closed at $94.69 on Monday, $1.97 below its closing price before the deal was announced on August 2. Block shares have lost 30 per cent since then, the same premium it offered four months ago.

How good was the Afterpay share price in FY21?

It's been an exhausting year keeping up with the Afterpay Ltd (ASX: APT) share price, especially through its sharp pullbacks between February and May. But overall FY21 was a good year for Afterpay, with shares rising by 92%. Most of those gains came between July last year and January 2021.

Why is the Afterpay share price racing higher today?

The Afterpay Ltd (ASX: APT) share price is racing higher today after agreeing to be acquired by US payments giant Square. In morning trade, the buy now pay later (BNPL) provider's shares are up 29% to $125.00. But that wasn't the only thing that Afterpay announced today. It also released a trading update along with its acquisition announcement.

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