Block, the payments processing company formerly known as Square, said revenues fell compared to one year ago, as consumer demand for bitcoin transactions ebbed. The company posted a net loss for the quarter and had negative cash flow from operations. The stock fell 7% after hours. Revenues fell 5.9% year over year to $4.4 billion, driven by a decline in bitcoin revenues, which fell 34%. Last...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
Exclusive
Venture Capital
Startups
Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending Push

Private equity giant Blackstone is gearing up to make its first major push into lending to startups and technology companies—joining a corner of the debt market that’s quickly heating up. The firm expects to invest at least $2 billion in technology debt deals over the next few years, including venture debt, deals with pre–initial public offering startups and deals with...
Latest Briefs
Warby Parker Slashes Revenue Guidance, Moves Forward With Brick-and-Mortar Expansion
China Investigates Executives at Big Semiconductor Investment Fund
SoftBank Expects $34 Billion Gain From Sale of Alibaba Shares
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Venture Capital
Startups
Venture Capital’s Limited Partners Warn of Fundraising Slowdown
Enterprise Power List
Venture Capital
Enterprise
Introducing The Information’s Enterprise Tech Power List