Block Launches $5B Buyback Plan in Effort to Compete with Banks, PayPal

A photo of Block's cash app running on a phone.

Block unveils new strategy amidst a flagging crypto market. Financial services provider Block (NYSE: XYZ) saw its shares rise after presenting a new three-year growth plan. The company, led by serial entrepreneur Jack Dorsey, outlined its plan to expand beyond its core payment business to ensure long-term profitability.  The announcement… Continue reading Block Launches $5B Buyback Plan in Effort to Compete with Banks, PayPal

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