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Jack Dorsey Touts 'Bitcoin Only' Cash App, Says Block's Wallet 'Improving Rapidly'
Wednesday, June 4, 2025 - 2:20am | 721Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), reiterated the Bitcoin (CRYPTO: BTC)-only strategy of its "Cash App" digital wallet service on Tuesday. What happened: Dorsey took to X, stating, "We are Bitcoin only. And improving rapidly,” in response to a post that...
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Block Shares Drop After Worse-Than-Expected Q1 Results: Details
Thursday, May 1, 2025 - 4:54pm | 396Block, Inc. (NYSE:XYZ) released its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the report. The Details: Block reported quarterly earnings of 56 cents per share, which missed the 87 cent analyst consensus estimate. Quarterly revenue came in at $5.77...
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Jack Dorsey Says Block Not 'Replacing Folks With AI' In Letter Explaining 900+ Job Cuts
Wednesday, March 26, 2025 - 11:01am | 657Fintech Block Inc (NYSE:XYZ) is the latest company to announce a series of layoffs with 931 people, or around 8% of the company laid off in the latest round. Company co-founder and CEO Jack Dorsey sent a letter to employees on the latest news. Here's what Dorsey had to say. What Happened: Dorsey...
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Block Shares Fairly Valued, Analysts Say Stock 'Not For The Faint Of Heart'
Friday, February 21, 2025 - 4:19pm | 872Block (NYSE:XYZ) analysts expect a 2025 that is second-half weighted for the company after fourth-quarter financial results and guidance. The Block Analysts Benchmark analyst Mark Palmer reiterated a Buy rating on Block with a price target of $99. Citizens analyst Andrew Boone maintained a Market...
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Block Q4 Earnings Preview: Analyst Says Bitcoin, Trump Factor Could Boost Growth
Thursday, February 20, 2025 - 3:15pm | 678Financial technology company Block Inc (NYSE:XYZ) could highlight its growth across several sectors along with its place in the cryptocurrency ecosystem when the company reports fourth-quarter financial results Thursday after market close. Earnings Estimates: Analysts expect Block to report fourth-...
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Tech Consultant Convicted Of 2023 Slaying Of Cash App Founder
Tuesday, December 17, 2024 - 4:45pm | 280IT consultant Nima Momeni was found guilty of second-degree murder on Tuesday for the 2023 killing of technology founder Tom Lee. What Happened: A San Francisco jury found Momeni guilty of second-degree murder for the fatal stabbing of the Cash App founder in April 2023, according to NBC News. The...
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Block's Growth Fueled by Cash App Expansion, Square Ecosystem Focus, Says Analyst
Wednesday, April 10, 2024 - 2:14pm | 551Mizuho analyst Dan Dolev maintained Block Inc (NYSE:SQ) with a Buy and raised the price target from $99 to $106. As per Dolev, reinvigorated management focus on the Cash App and Square ecosystems could drive a meaningful upside to the 2024 guide. The analyst flagged four...
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What's Going On With Block Stock Thursday?
Thursday, April 4, 2024 - 2:39pm | 658Block Inc (NYSE:SQ) shares were trading lower after Morgan Stanley analyst James Faucette downgraded the stock from Equal-Weight to Underweight and lowered its price target from $62 to $60. Benchmark analyst Mark Palmer reiterated a Buy rating on Block while raising his price target to $99 from $89...
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Why Shares Of Jack Dorsey's Block Are Surging 14% Premarket Today
Friday, February 23, 2024 - 6:27am | 566Block (NYSE:SQ) stock surged by nearly 14% in premarket trading on Friday following the company’s Q4 2023 earnings report. The report showcased a significant increase in gross profit and robust growth in the Square and Cash App revenue. What Happened: The company, previously known as Square,...
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Block Q4 Earnings Highlights: Revenue Beat, EPS Miss, Q1 Guidance, Rule Of 40 Update And More
Thursday, February 22, 2024 - 5:30pm | 467Fintech Block Inc (NYSE:SQ) reported fourth-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Block reported fourth-quarter revenue of $5.77 billion, which was up 24% year-over-year. The revenue total beat a Street consensus estimate of $5.70 billion...
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Block Inc Q4 Earnings Preview: Eyes On Rule Of 40, Growth, Profitability And More
Wednesday, February 21, 2024 - 2:48pm | 649Fintech Block Inc (NYSE:SQ) is set to report fourth quarter financial results after market close Thursday. Here’s an overview of analyst predictions, their insights before the quarterly report, and crucial points for investors to watch. Earnings Estimates: Analysts expect Block to report...
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Jack Dorsey's Block Implements Major Layoffs, Reduces 10% Of Workforce Amid Broader Tech Industry Job Cuts: Report
Wednesday, January 31, 2024 - 12:39am | 545Block Inc., co-founded by Twitter creator Jack Dorsey, has initiated a major layoff strategy, affecting over a thousand employees across various sectors of the company. What Happened: Block Inc. (NASDAQ:SQ) on Wednesday laid off a significant portion of its workforce. The layoffs predominantly...
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U.S. Crypto Firms Set Sail To Bermuda Amid Dark And Stormy US Regulatory Environment
Monday, May 15, 2023 - 9:47am | 1606As the regulatory environment in the U.S. grows dark and stormy, American crypto companies are looking east to Bermuda and its friendlier digital asset framework. It's hardly unusual for crypto firms to go offshore and take advantage of clearer digital asset laws. Now-bankrupt FTX headquartered...
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Cash App Leads The Way On Block's Earnings Beat: What Do 4 Analysts Think About The Stock?
Friday, May 5, 2023 - 1:15pm | 610Block Inc (NYSE: SQ) reported better-than-expected first-quarter earnings on Thursday after market close. Here’s what investors need to know about the company and what the analysts think about the stock. By The Numbers: Block reported year-over-year revenue growth of 26% to $4...
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Block Investors Are Pulling Back, But These Analysts Are Unfazed By Short Report From 'Novice Industry Outsider'
Friday, March 24, 2023 - 11:22am | 747Hindenburg Research issued a short report that sent shares of Block Inc (NYSE: SQ) down on Thursday. Analysts are sharing their reactions and takes on the allegations from the short seller. The Block Analysts: Bernstein analyst Harshita Rawat has an Outperform rating and a price target of $90....