Block, formerly known as Square and the owner of Cash App, has distinct ambitions. And they vary for each of its business lines. Outside of Square and Cash App, Block also counts the buy now, pay later service Afterpay; decentralized finance and Web3 platform TBD; Tidal, a...
Dutch payments firm Adyen saw its shares slide Thursday (Nov. 7) after the business reported a slowdown in the growth of its transaction volumes in the third quarter. While the company achieved revenue gains of 498.3 million euros (about $538.7 million) in Q3 2024, up...
Cash App users may be eligible for part of a multimillion-dollar settlement from the company. The payments platform and its parent Block agreed earlier this year to pay $15 million to settle a suit claiming the company had failed to protect customers from data breaches....
Marqeta posted second-quarter results that showed total processing volumes (TPVs) surged 32% to $71 billion. During the conference call with analysts, CEO Simon Khalaf noted on Wednesday (Aug. 7) that as had been seen in past quarters, “consumers continued to branch out in financial services...
November 11, 2024
Earnings, earnings everywhere — and for connected economy stocks in the CE 100 Index, roaring ahead almost in lockstep, the week was a good one. Indeed, two sectors of the CE 100 — the Live segment and the Pay and Be Paid pillar — surged double-digit percentage points, with respective 12.2% and 10.7% gains. […]
April 10, 2024
For Apple — and as been seen already with Block (formerly Square) — the drive is to get consumers to spend the cash, rather than just bank it. Apple, of...
February 26, 2024
Significant stock rallies in the wake of earnings from companies including Block (Square’s parent company) and Nvidia were not enough to boost the CE 100 Index’s fortunes. The Index sank...
February 22, 2024
Block’s latest earnings show more users opting to use Cash App Cards, an on-ramp to other financial services and products. As noted in the company’s shareholder letter, 2 million actives (3%...
August 11, 2024
Cash App users may be eligible for part of a multimillion-dollar settlement from the company. The payments platform and its parent Block agreed earlier this year to pay $15 million to settle a suit claiming the company had failed to protect customers from data breaches. Now, those users — past and present — can submit […]
July 18, 2024
Cash App has integrated with Google Play to offer more checkout options on Android devices. The partnership, announced Thursday (July 18), is designed to help the companies engage with a...
July 18, 2024
Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it was shutting down Cash App...
June 27, 2024
One motivation for Block’s investment in bitcoin is to learn about the technology and how to use it. The company invests 10% of its gross profit from bitcoin products each...
