Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

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markets e-commerce

Block Shares Jump On Cash App Growth

By
Ann Gehan
· · Source: The Information

Block shares rose around 11% in after-hours trading following its third quarter earnings release, thanks in part to higher users and gross profit for its Cash App payments and investing service. Cash App’s revenue rose 12% in the third quarter versus the same period a year earlier, while its gross profit, which Block analysts focus on because it strips out its lower-margin bitcoin trading and...

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