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Block, Inc. - SQ STOCK NEWS

Welcome to our dedicated page for Block news (Ticker: SQ), a resource for investors and traders seeking the latest updates and insights on Block stock.

Block, Inc., trading under the symbol SQ, is a leading financial technology company founded in 2009 and headquartered in San Francisco. The company is widely recognized for its innovative payment solutions that empower businesses and individuals alike. Block offers a comprehensive suite of services through its flagship platform, Square, which provides a complete point of sale system. This includes tools for accepting credit card payments, inventory tracking, and small business financing, enabling entrepreneurs to manage every aspect of their business operations efficiently.

In addition to its core services, Square has expanded its offerings with Square Order, an intuitive system for pre-ordering food and drinks for pickup. On the consumer side, the company launched Cash App, a peer-to-peer payment network that has revolutionized the way individuals send and receive money. This service has become a popular choice for quick and easy financial transactions.

Block's influence extends beyond the United States, with operations in Canada and Japan, and offices in strategic locations like New York, Atlanta, St. Louis, Kitchener-Waterloo, and Tokyo. In 2023, the company's payment volume surpassed $200 million, highlighting its significant impact on the financial services industry.

Block, Inc. continues to innovate and expand its service offerings, making it a pivotal player in the fintech space. Through strategic partnerships and a commitment to technological advancement, Block is poised for continued growth and success in the coming years.

News

Block Announces Third Quarter 2023 Results

Rhea-AI Summary
Block, Inc. (NYSE: SQ) has released its third-quarter 2023 results. The results are available on the company's Investor Relations website and have been filed with the Securities and Exchange Commission. Block will hold a conference call and earnings webcast to discuss the financial results.
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Rhea-AI Sentiment
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10.69%
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earnings
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Introducing TIDAL Collabs, An Easy Way for Artists to Find Their Next Collaborator

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TIDAL introduces TIDAL Collabs, a new product that helps artists discover and connect with recommended collaborators. Artists can jumpstart the collaboration process for their next project. TIDAL Collabs is available on TIDAL Artist Home.
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1.76%
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Nearly Half of BNPL Consumers Prefer Pay-in-4 Over Credit Cards as They Look for More Choice at Checkout

Rhea-AI Summary
Afterpay released a report on the Economic Impact of Buy Now, Pay Later (BNPL) in the U.S., highlighting the benefits of BNPL on consumers, merchants, and the economy. The report shows that the overall benefit of BNPL reported by retailers amounts to $5.6 billion in the 12 months leading up to August 2023. Two in five American consumers use BNPL services, with Afterpay being the most trusted BNPL offering. By 2027, BNPL payment value in the U.S. is forecast to reach almost $125 billion.
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-8%
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Maurices Partners with Afterpay to Offer Seamless, Flexible Payment Option for Customers

Rhea-AI Summary
Maurices, a women's fashion retailer, partners with Afterpay to offer a 'Buy Now, Pay Later' solution. Customers can pay for online purchases in four weekly installments, enhancing flexibility and creating a seamless shopping experience. The collaboration aims to attract new customers and enhance loyalty by providing greater payment options.
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3.3%
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New Generative AI Features from Square Give Powerful Technology to All Businesses

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Square announces 10 new generative AI features to help businesses automate operations and save time
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-2.88%
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AI
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Block to Announce Third Quarter 2023 Results

Rhea-AI Summary
Block, Inc. (NYSE: SQ) will release financial results for Q3 2023 on November 2, 2023, after market close.
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Rhea-AI Sentiment
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2.79%
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earnings
News

Smarter Shopping and Engaging Experiences: Square and Afterpay Reveal a Bright Holiday Season Ahead

Rhea-AI Summary
Consumer confidence is high heading into the holiday season, with 34% of consumers planning to spend more. 71% of sellers expect sales to increase this festive season. Americans will shop for cheaper alternatives and businesses plan to offer an average discount of 15%. Consideration of credit card use for gifting purposes is decreasing while 'Buy Now, Pay Later' preference increases. Key gifting categories are apparel and gift cards, followed by electronics and gadgets. 23% of sellers plan to leverage AI. Shopping apps and wish list sites are popular channels. 72% of sellers are confident in their discounting strategy. Businesses can prepare by implementing AI-enabled conversational commerce tools and exploring new channels like shopping and wishlist apps.
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-2.99%
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Square Introduces Software That Turns Android Devices Into Powerful Payment Technology in Canada

Rhea-AI Summary
Square launches Tap to Pay on Android for sellers in Canada, allowing them to accept contactless payments directly from their phone at no additional cost. This technology makes it easier for businesses to conduct in-person commerce, including larger or more complex businesses. Tap to Pay is powered by Square's software, providing a flexible and mobile solution for businesses and a smooth checkout experience for consumers. New and existing Square sellers in Canada can start using Tap to Pay on Android today.
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-1.5%
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Citcon to Bring Cash App Pay and Afterpay to E-commerce Platforms

Rhea-AI Summary
Citcon announces strategic partnership with Cash App Pay and Afterpay to empower e-commerce businesses with payment solutions. Merchants can now offer consumers the choice to pay with Cash App Pay or Afterpay's installment plans through Citcon Payment Platform. Integration is seamless for merchants of all sizes, boosting sales and fostering consumer loyalty.
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-1.71%
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Square Unveils Over a Dozen New Features to Help Businesses Win this Holiday Season

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Square introduces new tools to help sellers maximize revenue during the holidays
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-1.71%
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FAQ

What is the current stock price of Block (SQ)?

The current stock price of Block (SQ) is $90.75 as of November 25, 2024.

What is the market cap of Block (SQ)?

The market cap of Block (SQ) is approximately 56.2B.

What does Block, Inc. do?

Block, Inc. provides innovative payment solutions and financial services for businesses and individuals through its Square platform and Cash App.

When was Block, Inc. founded?

Block, Inc. was founded in 2009.

Where is Block, Inc. headquartered?

Block, Inc. is headquartered in San Francisco, California.

What is Square?

Square is Block, Inc.'s comprehensive point of sale system that includes tools for accepting credit card payments, inventory tracking, and small business financing.

What is Cash App?

Cash App is a peer-to-peer payment network launched by Block, Inc. that allows individuals to send and receive money easily.

What is Square Order?

Square Order is a feature from Block, Inc. that allows customers to pre-order food and drinks for pickup.

In which countries is Block, Inc. currently available?

Block, Inc. operates in the United States, Canada, and Japan.

What was Block, Inc.'s payment volume in 2023?

In 2023, Block, Inc.'s payment volume was over $200 million.

Where are Block, Inc.'s offices located?

Block, Inc. has offices in San Francisco, New York, Atlanta, St. Louis, Kitchener-Waterloo, and Tokyo.

How does Block, Inc. support small businesses?

Block, Inc. supports small businesses through its Square platform, offering tools for credit card payments, inventory tracking, and financing.

Stock SQ logo
Block, Inc.

NYSE:SQ

SQ Rankings

#254 Ranked by Market Cap
N/A Ranked by Dividends

SQ Stock Data

56.22B
548.87M
0.79%
69.8%
1.31%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
OAKLAND