Block, Inc. is an American multinational technology conglomerate.
Block, Inc. is an American multinational technology conglomerate founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first platform in 2010. It has been traded as a public company on the New York Stock Exchange since November 2015 with the ticker symbol SQ.
Prior to December 10, 2021, the company was named Square, Inc. The company’s namesake product for small businesses is still titled “Square”. Square is a payments platform aimed at small and medium businesses that allows them to accept credit card payments and use smartphone or tablet computers as payment registers for a point-of-sale system. Block has a number of other businesses. Cash App is a mobile app that allows monetary transfers both among users and between users and businesses. Afterpay is a buy-now-pay-later service. Weebly is a web hosting service. Tidal is a subscription-based music, podcast and video streaming service that offers audio and music videos.
In its Q3 2024 update, Block announced plans to prioritize Bitcoin-related projects, increasing investment in mining and self-custody.
The trade involved shares from two of ARK’s major funds.
Apart from failing to report transactions to the appropriate authorities, revelations from the whistleblowers pointed towards deliberate concealment of transactional data within Cash App.