Add to Block (SQ) as 'detractors have a hollow argument' - Truist

Truist Securities Reiterates Buy Rating on Block Inc. (SQ), tells clients to add to position

Truist Securities analyst Andrew Jeffrey reiterated a Buy rating and $105.00 price target on Block Inc. (NYSE: SQ).

"Action call: add to SQ... We are increasingly convinced detractors have a hollow argument following another week of back-and-forth between Bears accusing Block of... More

Hindenburg says Block response confirms it inflated Cash App user counts

(Reuters) - U.S. short seller Hindenburg Research said on Friday Block Inc's response to its allegations confirmed it had reported inflated user counts on its Cash App to investors for years.

The payments firm led by Twitter co-founder Jack Dorsey said on Thursday that 44 million of its... More

Hindenburg: Block’s (SQ) Response Confirmed Inflated User Counts While Ignoring Other Key Issues

Hindenburg: Blocks (NYSE: SQ) Response Confirmed Inflated User Counts While Ignoring Other Key Issues

Block's (SQ) response to short report 'reassuring' - Morgan Stanley

Block'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

Block (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 says Cash App has 44 million verified monthly users after Hindenburg report

(Reuters) -Block Inc said on Thursday 44 million of its more 51 million monthly active customers on Cash App were verified through its identity program as of Dec. 31.

The payments firm also estimated that the verified accounts constituted roughly 97% of Cash App inflows.

The disclosure follows Hindenburg Research's report last week that former Block employees estimated 40% to 75% of accounts they reviewed were fake, involved in fraud or were additional accounts tied to a single... More

Block (SQ) comments on Cash App transacting actives and compliance program (earlier)

Block (NYSE: SQ) disclosed:

RESPONSES TO RECENT INVESTOR QUESTIONS March 30, 2023

Weve recently received some questions from investors that we want to answer. This document is generally ranked by frequency, most asked to least. Thematically most of the questions weve received have to do with how we measure Cash App transacting actives and our compliance program. As we look forward to our next public conversation with you all, our Q123 earnings call, well include more discussion on Cash Apps stated priority of Trust. Until then

Why would a... More