1 Green Flag for Block in 2023, and 1 Red Flag
Block (NYSE: SQ) has emerged as one of the more essential fintech companies. Through its Square ecosystem and Cash App, it has become one of the largest fintech companies in the world.
However, its focus on Bitcoin and other businesses has alarmed some investors, and amid a bear market, the stock has lost more than 75% of its value. The question for investors is whether the problems with some of its newer businesses outweigh the successes of its core segments.
For all of the coverage of the name change, a significant portion of Block is still Square, or rather, the Square segment. Square succeeded because it is a one-stop shop for small and medium-sized businesses within the finance realm. These enterprises can handle point-of-sale, payroll, loans, and even banking under the Square umbrella.
Source Fool.com
