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 (SQ) drives innovation in digital payments through its merchant services platform and Cash App ecosystem. This page serves as the definitive source for verified company announcements, financial disclosures, and strategic developments.
Access real-time updates on earnings reports, product launches, and partnership announcements. Investors and industry observers will find curated press releases alongside analysis of operational milestones in fintech infrastructure and consumer finance solutions.
Key coverage areas include payment processing innovations, business tool enhancements, and market expansion initiatives. Content is rigorously verified to provide accurate insights into Block's evolving role in shaping cashless transactions and financial accessibility.
Bookmark this resource for streamlined tracking of SQ's progress in bridging merchant needs with consumer payment convenience through secure, scalable technologies.
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Block, Inc. (NYSE: SQ) launches Bitkey, a self-custody bitcoin wallet available in 95+ countries across six continents, providing an easy-to-use solution for people to truly own and manage their bitcoin safely. The wallet includes a mobile app, hardware device, and recovery tools, and is available for pre-orders at bitkey.world, with shipping starting in early 2024.
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Square and Afterpay (SQ) set a new record with 70M transactions over the Black Friday and Cyber Monday weekend, up 14% from last year. Consumers displayed diverse shopping habits with a 15% increase in in-person shopping and online cart sizes 3.9X higher than in-person. Businesses leveraged omnichannel strategies by attracting buyers both in-person and online. Square data showed that restaurants experienced a 15% increase in transactions, while 23% more restaurants sent Black Friday and/or Cyber Monday discounts to promote their business. Beauty and wellness sellers also leaned into the shopping weekend, with 108% more sellers sending Black Friday and/or Cyber Monday discounts. The average discount offered was 22% across all channels, with 35% more sellers offering discounts over the weekend. Buy Now, Pay Later (BNPL) transactions through Afterpay increased 19%, and Square sellers saw their Afterpay transactions grow 47%. App usage for Afterpay was up 16%. All data presented are unaudited and subject to adjustment.
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Rokt Announces Partnership with Afterpay to Provide Highly Relevant Offers at Checkout, Enhancing Shopping Experience and Driving New Revenue
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Block, Inc. (NYSE: SQ) invests AUD$3 million in First Australians Capital (FAC) to support Indigenous businesses in Australia. This investment is part of Block's USD$100 million social impact investment fund, aiming to expand economic access for minority and underserved communities. The fund will help Indigenous entrepreneurs access capital solutions and critical scale-up support services, addressing the barriers they face from mainstream banks.
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Afterpay is offering consumers financial flexibility and unique deals through its evolved commerce platform, with a suite of flexible payment solutions that includes app exclusives, new brands, and in-person experiences. Consumers can access discounts of up to 80% and enter a $10k giveaway by shopping through the Afterpay app. Afterpay is also hosting gifting events in partnership with Caruso and launching a Black Friday pop-up activation at The Grove, as well as a Holiday HQ at Topanga Village in Los Angeles.
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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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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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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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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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Square announces 10 new generative AI features to help businesses automate operations and save time
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Block Inc
NYSE:SQ
SQ Rankings
SQ Stock Data
53.54B
548.52M
0.86%
70.79%
1.94%
Software - Infrastructure
Services-prepackaged Software
United States
OAKLAND