Block (SQ) comments on Cash App transacting actives and compliance program (earlier)
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Add to Block (SQ) as 'detractors have a hollow argument' - Truist
April 3, 2023 10:20 AM EDTTruist analyst Andrew Jeffrey told clients in a note Monday they should add to Block (NYSE: SQ) as they are increasingly convinced "detractors have a hollow argument."
The analyst reiterated a Buy rating and $105 price target on the stock. His note follows... More
Block's (SQ) response to short report 'reassuring' - Morgan Stanley
March 31, 2023 9:19 AM EDTBlock's (NYSE: SQ) additional response to Hindenburg Research's short report was "reassuring," said Morgan Stanley analyst James Faucette.
The company released a statement on Thursday answering some questions regarding Hindenburg's claims. Block said it has "more than 51 million monthly transacting actives," with approximately 44 million verified, and that its approach to... More
Block's (SQ) response to short report results in mixed reaction from Wall Street analysts
March 30, 2023 2:00 PM EDTBlock (NYSE: SQ) shares rose Thursday after the company spoke out again in response to Hindenburg Research's short report last week.
Hindenburg disclosed a short position in the company and alleged Block inflated user metrics on Cash App and didn't rein in criminal activity by users.
Answering questions on its user... More
Block (SQ) Issues Response to "Inaccurate Short Seller Report"
March 23, 2023 1:33 PM EDTWe intend to work with the SEC and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today.
Hindenburg is known for these types of attacks, which are designed solely to allow short sellers to profit from... More
Block (SQ) shares plunge after Hindenburg claims it misleads investors with 'inflated metrics'
March 23, 2023 9:26 AM EDTBlock (NYSE: SQ) shares tumbled Thursday after Hindenburg Research released a short report claiming the company, co-founded by Twitter creator Jack Dorsey, misled investors with "inflated metrics."
The short-selling firm states that its two-year investigation has concluded that Block has "systematically taken advantage of... More
