Tagged: block

October 13, 2025 @ 7:37 am By Omar Faridi  |  

Jack Dorsey, co-founder of the platform X (formerly known as Twitter) and current CEO of payments firm Block Inc. (NYSE: XYZ), has introduced a new Bitcoin wallet feature within the Square point-of-sale system. This update, announced on October 8, 2025, enables small U.S. businesses to… Read More

August 18, 2025 @ 2:27 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ) unveiled Proto Rig, a modular bitcoin mining system, and Proto Fleet, an open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific’s facility in Dalton, GA, where Proto Rigs “are mining as part of their… Read More

May 28, 2025 @ 9:46 pm By Omar Faridi  |  

Block, Inc. announced it will launch bitcoin payments on Square, marking a significant milestone in making bitcoin more “accessible and usable.” Bitcoin payments on Square will be showcased at Bitcoin 2025 in Las Vegas from May 27-29, where attendees can “experience this new feature firsthand… Read More

May 3, 2025 @ 8:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ), the fintech behind Square, Cash App, and Afterpay, released its first-quarter 2025 financial results on May 1, 2025, revealing a mixed performance shaped by macroeconomic challenges. While Block achieved notable profitability milestones, weaker-than-expected revenue and cautious guidance sparked investor concerns, leading… Read More

March 27, 2025 @ 6:28 am By Omar Faridi  |  

Block (NYSE: XYZ), the fintech co-founded by Jack Dorsey, announced a significant workforce reduction, laying off 931 employees—approximately 8% of its total staff. Known for its subsidiaries Square, Cash App, and TIDAL, Block framed the layoffs as a strategic move to enhance organizational efficiency rather than… Read More

March 25, 2025 @ 4:39 pm By Omar Faridi  |  

Eligible Cash App customers will begin to have access to Afterpay’s pay over time products when shopping online at partner merchant sites. In recognition of this change, Cash App and Afterpay, part of Block, Inc. (NYSE: XYZ), have debuted an evolved brand, Cash App Afterpay,… Read More

March 18, 2025 @ 2:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. SFS is an independently governed subsidiary of Block, Inc., headquartered in Salt… Read More

March 5, 2025 @ 3:09 pm By Omar Faridi  |  

February 2025 marked a difficult month for fintech companies (even though tech stocks in general have been seeing downward price pressure as well), with Block (NASDAQ:SQ) – once a major player in the sector—leading the charge downward, plummeting 28% in its steepest decline since 2023…. Read More

May 2, 2024 @ 4:13 pm By JD Alois  |  

Block (NASDAQ:SQ), founded by Twitter (X) creator Jack Dorsey, is being scrutinized by federal prosecutors for allegedly facilitating illicit transactions. The report was first covered by NBC.com. Blcok operates the popular e-commerce platform Square as well as the P2P transfers platform CashApp. According to the… Read More

January 30, 2024 @ 4:10 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a top payments Fintech that also includes Venmo, is letting go around 9% of its workforce or approximately 2500 individuals according to multiple reports. CNBC said that PayPal CEO Alex Criss distributed an internal memo indicating the exits will take place throughout the… Read More

October 11, 2023 @ 9:04 am By JD Alois  |  

Piper Sandler (NYSE: PIPR) has posted its 46th semi-annual survey of Teens across the United States. The survey can help glean emerging trends that can impact future economic activity and rising brands. Of course, Teens can be fickle, but today’s Teens are tomorrow’s adults. When… Read More

October 5, 2023 @ 12:00 pm By JD Alois  |  

Block (NYSE:SQ), the parent company of Square, may be slashing its employee headcount, according to Job Community Blind. In recent days, a posting was made inquiring about layoffs as a Block recruiter was apparently let go – leaving an aspiring hire in the lurch. Other… Read More

September 21, 2023 @ 8:26 am By JD Alois  |  

Block (NASDAQ:SQ) founder Jack Dorsey will step in as CEO of Square following the announcement that Alyssa Henry will exit the subsidiary of Block. The change in leadership was revealed in an 8-K filed with the Securities and Exchange Commission. The company stated: “Alyssa Henry,… Read More

June 1, 2023 @ 1:07 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued a statement that “billions” of dollars held on payment Apps may not possess federal insurance. The CFPB said these funds may not be safe during times of “financial stress,” alluding to the recent banking crisis. Rohit Chopra,… Read More

April 5, 2023 @ 9:47 am By JD Alois  |  

Investment bank Piper Sandler (NYSE: PIPR) has posted its 45th semi-annual report on Teen preferences, which can help glean which products and services are rising and which are on the wane. At the same time, teens can be fickle, as parents will explain. The Taking… Read More

March 30, 2023 @ 3:42 pm By JD Alois  |  

Last week Block (NASDAQ:SQ) fired back at noted short-seller Hindenburg Research’s hit piece that lambasted the Fintech’s operations. The report by Hindenburg did not mince words describing Block as having embraced one traditionally very “underbanked” segment of the population: criminals. Block quickly responded, stating that… Read More

March 23, 2023 @ 9:13 am By JD Alois  |  

Shares of Block (NYSE:SQ), formerly Square, are plunging in pre-market trading following the release of a report by Hindenburg Research, a noted short seller. Hindenburg is not kind in its assessment of the Fintech, stating their 2-year investigation has concluded that Block has taken advantage… Read More

February 24, 2023 @ 9:13 am By Omar Faridi  |  

Block, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2022. The Fintech reports that total net revenue was $4.65 billion in the fourth quarter of 2022, up 14% year over year. Excluding Bitcoin revenue, revenue in the fourth… Read More

November 3, 2022 @ 6:13 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) shares sank today after Q3 earnings failed to convince investors that all is good with the payments provider. PayPal apparently reported OK Q3 numbers, but the guidance worried shareholders. On the other hand, Block, formerly known as Square (NYSE:SQ), moved higher in after-hours… Read More

September 18, 2022 @ 8:50 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, has teamed up with Cash App (Block, Inc.) to offer Cash App Pay, “a mobile payment method, to Adyen’s U.S. customers.” Businesses working with Adyen will “have access to Cash App Pay… Read More