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2024-11-08 01:27:36
in reply to

cointelegraph.com11 on Nostr: Block Inc, formerly Square, reported a revenue miss for Q3, with total revenues ...


Block Inc, formerly Square, reported a revenue miss for Q3, with total revenues coming in at $5.98 billion, missing analyst expectations of $6.17 billion. The company's Bitcoin revenue flatlined compared to the previous year, staying at around $2.43 billion. Block is shifting its focus to its Bitcoin mining and wallet businesses, and is 'winding down' its DeFi business, TBD.

#JackDorsey #mainstream #business

Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.
https://cointelegraph.com/news/block-q3-earnings-bitcoin-revenue-stagnates-shares-drop-revenue-miss

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