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Motley Fool
3 Things the Doubters Are Missing About Block
Payment and digital banking company Block (NYSE: SQ) has struggled over the past several months, falling nearly 60% from its all-time highs as of Monday’s prices. Investors have soured on the stock, flocking to more defensive companies; meanwhile, tech giant Apple’s decision to launch iPhone payment terminals, becoming a direct competitor with the Square seller ecosystem, could be making sentiment worse. Is Block a broken stock or a broken company?
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