Block, previously known as Square (NYSE: SQ), has been one of the most prominent fintech companies in the world. Its product suite ranges from POS systems to its own finance app, Cash App. Unfortunately, due to the current high interest rate environment, Block has seen a big hit to its share price over the past year, falling by nearly 50%. With the recent Hindenburg Research report being very bearish against the company, is Block a falling knife that is worth sharing? In this article, we’ll delve deep into Block, analyzing the company from its financial performance and guidance to its growth in the international market and recent criticism over its accounting practices.
Introduction to Block Inc
Block Inc. is a financial services and digital payments company founded in 2009 by Jack Dorsey, also the co-founder and CEO of Twitter. The company offers a range of products, including Block Cash, Block...