Tagged: block

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

August 23, 2022 @ 5:20 pm By JD Alois  |  

Fitch Ratings has issued a statement affirming the Long-Term Issuer Default Rating (IDR) of Block, Inc., formerly Square (NYSE:SQ), at ‘BB’. Fitch said its outlook of Block remains “Positive” adding that its debt could decline in the coming years as EBITDA scales. Fitch affirmed the… Read More

June 21, 2022 @ 7:46 am By Omar Faridi  |  

  Deloitte reportedly has the highest number of open positions with 144 crypto-related vacancies in the last seven days, “followed by ex-Twitter CEO Jack Dorsey’s Block (formerly Square) and Cash App with 59 and 24 new crypto-related roles in the last seven days, respectively,” according… Read More

June 16, 2022 @ 7:50 pm By Omar Faridi  |  

Flip, Indonesia’s consumer payments platform, announced a second close of a Series B funding round “led by Tencent, with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners.” A number of experienced operators “participated meaningfully in this extension round, including Guillaume Pousaz,… Read More

June 2, 2022 @ 1:35 pm By JD Alois  |  

Square, part of Block (NYSE: SQ), says it will add its Tap to Pay feature on the iPhone with an Early Access Program available today and wide release later this year. Square said that it has been working with Apple (NASDAQ:AAPL) to enable Tap to… Read More

May 20, 2022 @ 4:56 pm By Omar Faridi  |  

  Square, part of Block (NYSE:SQ), recently announced that it acquired GoParrot, an “all-in-one” digital ordering and marketing platform for restaurants. GoParrot enables restaurants “to connect more easily and directly with customers through powerful omnichannel software.” As a long-time Square partner, GoParrot’s products already “integrate… Read More

May 1, 2022 @ 9:19 pm By Omar Faridi  |  

Square recently announced the launch of Square Loans in Canada, giving small businesses quick and simple “access to funds and eliminating another major pain point associated with running a business.” By using transaction data, Square Loans “proactively surfaces customized offers to eligible sellers, providing them… Read More

April 7, 2022 @ 11:10 am By JD Alois  |  

Piper Sandler (NYSE: PIPR) has published its 43rd semi-annual Taking Stock With Teens survey which reviews trends and brand preferences from Gen Z (teens) across 44 U.S. states. The spring 2022 survey was conducted from February 16 to March 22 with the most responses from… Read More

April 6, 2022 @ 9:01 am By JD Alois  |  

In a filing with the Securities and Exchange Commission (SEC) Block (NYSE:SQ), formerly Square, has acknowledged a breach of information that involved users which took place in December of last year. The company states that it is contacting around 8.2 million current and former customers… Read More

February 4, 2022 @ 7:17 am By Omar Faridi  |  

Block, Inc. (NYSE: SQ) and Afterpay Limited have confirmed the successful completion of the Scheme of Arrangement under which Block has reportedly acquired all of the issued shares in Afterpay. This deal aims to allow Block to more effectively offer the best financial products and… Read More

January 27, 2022 @ 9:15 am By JD Alois  |  

Apple (NASDAQ:APPL), the largest publicly-traded company in the world, is predicted to enable credit card transactions directly via its ubiquitous iPhone. The new feature will challenge all credit card terminal providers like Block/Square (NYSE:SQ) that generate massive amounts of revenue by processing payments via credit… Read More

January 26, 2022 @ 6:52 pm By Omar Faridi  |  

Block (formerly Square) (NYSE: SQ), the firm specializing in software, payments, and hardware solutions for businesses of all sizes, has announced its arrival in Spain following a successful Early Access Program. Beginning on January 25, 2022, Spanish entrepreneurs, freelancers and business owners will be able… Read More

December 8, 2021 @ 11:56 am By Omar Faridi  |  

Bob Lee, ex- Chief Technical Officer at Square (now doing business as Block), has reportedly joined MobileCoin as its Chief Product Officer. As an early investor in and advisor to the crypto and virtual payments startup, Bob helped “shape product and technology strategy.” He now… Read More

December 8, 2021 @ 9:48 am By Omar Faridi  |  

TRM Labs, the blockchain intelligence firm, has announced that it secured $60 million via a Series B round. TRM Labs‘ investment round has been led by Tiger Global along with contributions from financial institutions including American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital,… Read More

December 5, 2021 @ 5:41 pm By Omar Faridi  |  

Bitcoin-focused Fintech firm Blockstream has published its Markets Weekly report., Blockstream‘s report, dated December 3, 2021, notes that Fidelity has established a new BTC ETF in Canada, while GS is considering BTC lending. As mentioned in the report, VanEck has filed for a mining ETF,… Read More

December 2, 2021 @ 9:50 am By JD Alois  |  

Square (NYSE:SQ) is now Block. The name change and rebranding were announced yesterday in a statement that highlighted Square’s ongoing transition from payments to multi-faceted Fintech. Square/Block was founded by Jack Dorsey, the founder of Twitter who just recently exited his CEO role at the… Read More