Block stock doesn’t appear to be bottoming out anytime soon, with Apple pulling the curtain on yet another fintech innovation that could hurt its growth. With economic storm clouds also moving in, can Jack Dorsey maneuver the firm out of the gutter?
Shares of fintech innovator Block (SQ) have been in free fall for many months now, down more than 74% from its all-time highs. Undoubtedly, the company’s name change to Block from Square is a push for investors to focus on the firm’s forward-looking growth projects rather than its existing businesses, which face pressure from all sides. It’s not just the deteriorating macro-environment that’s weighing on Block; it’s the continued rise of disruptors in the fintech space.
Indeed, fintech was one of the first tech dominos to fall in this market. Block first peaked back in February 2021 before the rest of the Nasdaq plunged into a bear market. The fintech scene got quite crowded, and many investors were chasing far too many stocks to play...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...