Earnings from PayPal and Block revealed diverging paths in peer-to-peer payments, with Venmo accelerating and Cash App losing ...

Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that ...

Shares of Block plunged nearly 25% Friday, a day after the payments technology provider posted worse-than-expected results ...

Unexpected changes in spending patterns on the P2P app caused the company to miss internal and analyst targets, resulting in ...

The largest hit came from a decline in discretionary spending in categories including media and travel, Chief Financial ...

Block projects 2025 gross profit growth of 12%, reaching $9.96 billion, with low double-digit growth in Q3 and mid-teens growth in Q4. Q2 gross profit growth is expected at 9.5%.

"Block's 1Q25 results missed expectations due to weaker Cash App gross profit, despite typically strong seasonality from tax refunds," analysts from Oppenheimer wrote in a report. Block on Thursday ...

Jack Dorsey emphasized progress driven by product velocity and market efforts, highlighting Square's market share gains and the focus on AI automation for sellers. Cash App's growth strategy ...

This complaint was first surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign ...

Block (SQ, Financials) shares plunged 20.4% to $46.53 on Friday after the company missed first-quarter revenue estimates and ...