Block (NYSE: SQ), the fintech company formerly known as Square, lost nearly half its market value over the past three months as rising interest rates sparked an exodus from higher-growth tech stocks. Declining Bitcoin (CRYPTO: BTC) prices exacerbated the sell-off, since Block generates revenue from Bitcoin trades and holds some Bitcoin on its balance sheet. Read More...
Block (NYSE: SQ), the fintech company formerly known as Square, lost nearly half its market value over the past three months as rising interest rates sparked an exodus from higher-growth tech stocks. Declining Bitcoin (CRYPTO: BTC) prices exacerbated the sell-off, since Block generates revenue from Bitcoin trades and holds some Bitcoin on its balance sheet.
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