Block (Square) Stock News

Early this month, the CBOE Volatility Index, or VIX soared to multi-year highs. As a contrarian indicator, a northward trek of the fear gauge implies a negative outlook for equities.

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.

While it's hard to look past blockchain's important role in driving the cryptocurrency ecosystem and leading coins like Bitcoin ( BTC-USD ) as a whole, the industry has a vast range of use cases that can help to drive innovation throughout the financial sector, cybersecurity and introduce next-generation digital ownership across virtually every industry.  The blockchain technology market size i...

Shares of Block (NASDAQ: SQ ) stock are rising 2% today following a notable insider buy. On Aug. 6, Sequoia Capital purchased 434,405 shares of SQ stock at average prices ranging between $56.85 and $57.82.

The third quarter of 2024 has been eventful, to say the least. Following a start to August punctuated by severe global sell-offs, markets have been left reeling.

Dr. Michael Burry, a legendary investor played by Christian Bale in “The Big Short,” is an investment legend. He's the type of independent-thinking investor who's more than willing to place massive contrarian bets for a shot at even outsized rewards.

Block has executed well in its renewed strategy and focus on operational efficiency, sustaining growth and improving profitability in Q2. Square and Cash App remain high quality businesses with several growth verticals and large addressable markets. SQ's centralized sales approach and focus on product development should help rekindle growth.

Block is prioritizing generating higher earnings going forward. The founder and CEO is positioning Block to be a Bitcoin business.