Block (NYSE: SQ) stock jumped by as much as 6% today and is still up by 3.8% this afternoon. Block has been expanding its focus to the cryptocurrency and blockchain spaces recently; hence, its name change from Square to Block back in December. Intel's new chip is lightning fast. Read More...
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?
Add Comment