Shares of financial-technology (fintech) company Block (NYSE: SQ) got a boost on Friday after the company reported financial results for the fourth quarter of 2022. For Q4, Block generated revenue of $4.65 billion, which was a 14% year-over-year increase. This number, however, includes revenue that it generates from facilitating transactions of Bitcoin -- a revenue source it doesn't intend to earn a profit from. Read More...
Shares of financial-technology (fintech) company Block (NYSE: SQ) got a boost on Friday after the company reported financial results for the fourth quarter of 2022. For Q4, Block generated revenue of $4.65 billion, which was a 14% year-over-year increase. This number, however, includes revenue that it generates from facilitating transactions of Bitcoin — a revenue source it doesn’t intend to earn a profit from.
