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Block’s stock fell by more than 20% after its first quarter earnings call and is 25% below where it was five years ago. Now ...
Shares of Block Inc. are on a downward spiral after the parent of the popular money-transfer app Cash App reported results ...
The following op/ed comes from David Israelite, the President and CEO of the National Music Publishers’ Association ...
The largest hit came from a decline in discretionary spending in categories including media and travel, Chief Financial ...
Afterpay operator Block saw as much $1.7bn wiped off its value at market open on Friday, after the Square and Cash App owner ...
Unexpected changes in spending patterns on the P2P app caused the company to miss internal and analyst targets, resulting in ...
Block's shares fell 22 per cent on Friday and were on track for the biggest intraday decline in five years after a 2025 ...
At least eight brokerages reduced their price targets on the stock, citing softness at the company's peer-to-peer Cash App ...
"Block's 1Q25 results missed expectations due to weaker Cash App gross profit, despite typically strong seasonality from tax refunds," analysts from Oppenheimer wrote in a report. Block on Thursday ...
Block projects 2025 gross profit growth of 12%, reaching $9.96 billion, with low double-digit growth in Q3 and mid-teens growth in Q4. Q2 gross profit growth is expected at 9.5%.
Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that ...
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