Square (NYSE:SQ) reported strong year-over-year (YOY) gross profit growth. Unfortunately, investors are more concerned about the recent proposed acquisition of Afterpay (OTC:AFTP.F). In today's video I look at fundamentals and recent earnings for Square, and below I share a few highlights from the video. On Sunday, August 1, Square reported its second-quarter 2021 earnings. Square's gross profit grew 91% YOY, driven by solid growth in its Cash App and Sellers ecosystem. Square shared an update on its business trends for July and expects to provide strong growth in its Cash App ecosystem for its third-quarter 2021 earnings. Square has seen strong growth from midmarket sellers in its Seller ecosystem. Midmarket sellers generate more than $500,000 in annualized gross payment volume. Investors could find this bullish, as midmarket sellers use more products and are therefore a bigger revenue generator for Square. In the long term, Square is focusing on making Cash App a culturally relevant brand. It hopes to achieve this goal through partnerships with celebrities and organizations. Cash App recently partnered with Miley Cyrus and Megan Thee Stallion to increase awareness of stock investing. Square is focused on expanding its brand internationally for the Seller ecosystem, with Ireland being its most significant push this quarter. Click the video below for my full thoughts and analysis. *Stock prices used were the premarket prices of August 2, 2021. The video was published on August 2, 2021. 10 stocks we like better than SquareWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Square wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Jose Najarro owns shares of Square. The Motley Fool owns shares of and recommends AFTERPAY T FPO and Square. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.Source