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FinTech
Dorsey's Block Stuns with Q4 Earnings Beat, Shares Skyrocket
The company's earnings exceeded estimates, driving shares up 14% in after-hours trading.
Surprise profit and strong Cash App growth propel Block's optimistic financial outlook.
Friday, 23/02/2024 | 08:08 GMT
by
Damian Chmiel
FinTech
Block's Big Trim: Dorsey's Firm Initiates Cost-Cutting Layoffs
Fintech begins layoffs as part of cost-cutting, aiming to reduce staff to 12,000 by 2024.
Block's stock remains stable despite layoffs, and analysts see cost focus as beneficial.
Wednesday, 31/01/2024 | 10:32 GMT
by
Damian Chmiel
FinTech
Square Partners with Jane Technologies to Enter Canadian Cannabis Market
Square focuses on stability through strategic entry and expansion plans.
US health officials signal a potential for broader marijuana legalization.
Thursday, 21/09/2023 | 05:01 GMT
by
Tareq Sikder
News
Block Generates Gross Profit of $1.29 Billion in Q1 2022
The total net revenue decreased 22% YoY in the first quarter.
Cash App generated $2.46 billion worth of revenue.
Friday, 06/05/2022 | 06:44 GMT
by
Bilal Jafar
News
Square Disappoints with Q3 Results as Bitcoin Demand Falls
The share price of the company decreased by over 3 percent in after-market trading.
Friday, 05/11/2021 | 07:15 GMT
by
Arnab Shome
News
Square Plans to Acquire Australia’s Afterpay in $29 Billion Deal
The closing of the transaction is expected in the first quarter of 2022.
Monday, 02/08/2021 | 09:10 GMT
by
Bilal Jafar
News
Fintech Company Plaid Announces Partnership with Square
The new collaboration will allow US merchants to easily process ACH payments.
Friday, 21/05/2021 | 09:17 GMT
by
Bilal Jafar
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Thought Leaders
5 Fintech Brands Dominating Crypto
5 fintech companies have not only successfully transitioned into the digital asset domain but are also dominating it.
Friday, 12/03/2021 | 09:34 GMT
by
Finance Magnates Staff
News
Bitcoin's Future: What Effect Is Wall Street Having on BTC?
Bitcoin purchases by Microstrategy and Square may have stopped BTC's downward trajectory. But, what is next?
Thursday, 25/02/2021 | 11:35 GMT
by
Rachel McIntosh
News
Square Crypto to Fund Designer with Mission to Improve BTC Wallet Usability
Maggie Valentine has been named as one of the recipients of a number of Square Crypto grants.
Monday, 02/11/2020 | 06:17 GMT
by
Rachel McIntosh
Coins
Square Makes Massive Bet on Bitcoin, Buys 4K BTC Worth $50 Million
Square founder Jack Dorsey repeatedly shared his enthusiasm for Bitcoin, saying it will be the world’s single currency.
Thursday, 08/10/2020 | 19:02 GMT
by
Aziz Abdel-Qader
News
Square’s Bitcoin Revenue Tops Fiat Figures for Q1 2020
Cash App brought in $7 million in profits from Bitcoin sales.
Thursday, 07/05/2020 | 06:58 GMT
by
Arnab Shome
Institutional FX
Square Capital Approved to Offer Corona Protection Loans
Square Capital joins PayPal and Intuit QuickBooks who were approved last week to take part in the Paycheck Protection Program.
Monday, 13/04/2020 | 22:04 GMT
by
Aziz Abdel-Qader
Payments
Square to Launch Bank in 2021 Following Merchant Lending Approval
The company also received the go-ahead from the Utah Department of Financial Institutions.
Thursday, 19/03/2020 | 10:14 GMT
by
Arnab Shome
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News
Square’s 2019 Bitcoin Sales Touch $516 Million
The platform gained $8 million in total last year from BTC sales.
Thursday, 27/02/2020 | 09:45 GMT
by
Arnab Shome
News
Square Doubles Its Quarterly Bitcoin Sales Revenue in Q2
The company generated a profit of $2 million from selling Bitcoin.
Friday, 02/08/2019 | 09:08 GMT
by
Arnab Shome
Executive Moves
Square Adds Steve Lee to Crypto Team
The company did not specify his role in the newly formed team.
Thursday, 13/06/2019 | 07:06 GMT
by
Arnab Shome
News
Square Records $65 Million in Bitcoin Revenue in Q1 2019
The profits from the sales were capped at $832,000.
Thursday, 02/05/2019 | 08:49 GMT
by
Arnab Shome
News
Twitter CEO Jack Dorsey Launches Open-Source Bitcoin Dev Team
Dorsey who is also the CEO of Square, says the effort is designed to improve the BTC ecosystem.
Friday, 22/03/2019 | 07:53 GMT
by
Rachel McIntosh
News
Square Records $166 Million in Bitcoin Revenue in 2018
Despite the impressive revenue, the firm pocketed only $1.69 million from BTC sales.
Thursday, 28/02/2019 | 11:22 GMT
by
Arnab Shome
Payments
Square Refiles Application for US Banking License
Square had withdrawn its initial application to create a deposit-taking bank in July.
Wednesday, 19/12/2018 | 22:34 GMT
by
Aziz Abdel-Qader
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News
Square’s Holdings in Eventbrite Balloon from $25M to $62M
Square's stock prices are dipping in spite of a fairly positive Q3 report.
Tuesday, 13/11/2018 | 08:11 GMT
by
Rachel McIntosh
News
Cash App Bitcoin Transactions Now Available in All 50 US States
Previously, the feature was not available to residents of Georgia, Wyoming and Hawaii.
Tuesday, 14/08/2018 | 10:41 GMT
by
Simon Golstein
News
Square Drops Plans for US Banking License
The company, which more than doubled in value last year, plans to refile after it bolsters its application.
Friday, 06/07/2018 | 17:47 GMT
by
Aziz Abdel-Qader
News
Square, Headed by Twitter CEO, Receives New York’s 9th BitLicense
Square founder and CEO Jack Dorsey has repeatedly shared his enthusiasm for digital currencies.
Monday, 18/06/2018 | 21:47 GMT
by
Aziz Abdel-Qader
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