Block’s revenue grew 26% year over year, to $5.5 billion, during the second quarter, driven by a 36% increase in revenue from the fintech firm’s Cash App payments app, which reached $3.6 billion. Cash App saw a 43% jump in revenue from subscriptions and services, which includes transaction fees from Cash App’s debit card and quicker deposits for users. Cash App’s monthly active users grew to 54...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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