The span-squares adjunction

Abstract: We show a universal property of the span $\infty$-category that yields a description of functors defined on this category. For this, we view the span construction as a functor from double $\infty$-categories to $\infty$-categories, and show that this functor admits a right adjoint defined by the double $\infty$-categories of squares. Using this adjunction, we obtain new proofs of the equivalences between different models of algebraic $K$-theory, given by the $Q$-, the $S$-, the cobordism model, and the squares construction.