Block Inc
Buy now, pay later lender Klarna files for U.S. IPO
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images Klarna, a provider of buy now, pay later loans filed its IPO prospectus on Friday, and plans to go public on the New York Stock Exchange under ticker symbol KLAR. Klarna, headquartered in Sweden, hasn’t yet disclosed the number […]
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Block bets on lending expansion after stock slump
In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty Images With its stock down more than 30% this year and revenue growth slowing, Jack Dorsey’s Block is going bigger in lending. […]
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Here’s why banks don’t want the CFPB to disappear
Key Points For years, American financial companies have fought the Consumer Financial Protection Bureau in the courts and media. Now, with the CFPB on life support after the Trump administration issued a stop-work order and shuttered its headquarters, the agency finds itself with an unlikely ally: the same banks that reliably complained about its rules […]
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Block’s 30% plunge in February leads fintech selloff, while Stripe shows benefit of staying private
Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Bloomberg | Bloomberg | Getty Images Stripe has once again shown why sometimes it’s better to […]
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Block’s Bitkey rolls out bitcoin inheritance fix for ‘multibillion-dollar problem waiting to happen’
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images For over a decade, bitcoin has been lauded as a revolutionary financial asset — decentralized, self-sovereign and resistant to confiscation — all contributing to an astronomical […]
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PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027
Justin Sullivan | Getty Images At PayPal‘s first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn’t just an easy way to split the dinner tab. Chriss, who took the helm in September 2023, is trying to spur a turnaround at the payments company, and Venmo is […]
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Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Jack Dorsey’s Block got started as Square, offering small businesses a simple way to accept payments via smartphone. Affirm began as an online lender, giving consumers […]
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Stocks making the biggest moves midday: UnitedHealth, Alibaba, Hims & Hers Health, Celsius and more
Check out the companies making headlines in midday trading: Novo Nordisk — Shares rose 4.9% after the Food and Drug Administration said Friday that the U.S. shortage of Novo Nordisk’s weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years. Hims & Hers Health — The telehealth stock, which offers compounded Wegovy and […]
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Block shares plunge 17%, head for worst day in 5 years after earnings miss
Marco Bello | AFP | Getty Images Block shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported earnings of 71 cents per share, falling […]
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Stocks making the biggest moves after hours: Celsius, Dropbox, Block and more
Check out the companies making headlines after the bell : Booking Holdings — The online travel company jumped 3% after fourth-quarter results surpassed analysts’ expectations. Adjusted earnings came in at $41.55 per share and revenue clocked in at $5.47 billion. Analysts were looking for $36.03 per share in earnings and $5.18 billion in revenue, per […]
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