Shares of Block dropped after analysts expressed concern its Cash App performance was weaker than expected. The parent company of Square and Cash App's stock fell almost 22%, to $45.71 ...

Analyst Mark Palmer downgraded the rating from Buy to Hold. Cash App generated gross profits of $1.38 billion, missing Street estimate of $1.42 billion, which contributed to "Block's shortfalls on ...

The operator of the Square and Cash App payment systems predicted gross profit for the current quarter and full year that were below estimates. Block also missed forecasts for first-quarter profit ...

Consumers spent less money on Cash App last quarter than Block had expected, causing a disappointing earnings report for the payments and commerce company. "Our growth in the first half of this year ...

Designed to blend casual fun with strategic depth, Block Blast! continues to lead the charts as a top free-to-play title on the App Store. Founded in 2021, Hungry Studio specializes in the development ...

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Block XYZ.N will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services regulator that it failed to adequately police and stop money ...

Block, which operates Cash App for peer-to-peer transactions and was formerly known as Square Inc., is under orders from the New York regulator to fix any shortcomings and to submit to an outside ...

If you grew up in the '80s, you were probably weaned on Tetris and were thrilled when the modern-day equivalent, Block Blast, came out on April 3, 2022. But is this time-sucking pastime any good ...

Cash App’s market positioning is a vital fundamental supporting Block’s stock value. Cash App’s growth is based on its focus on underserved demographics like lower-income, nonwhite ...

The government agency argued that one of Block's portfolio companies, the leading peer-to-peer payments service Cash App, had allowed rampant fraud while misleading its customers. The settlement ...

Block Inc. reached an agreement with the Consumer Financial Protection Bureau early Thursday under which it will pay up to $175 million in restitution for what the CFPB claims were sloppy and ...