Jack Dorsey dramatically scales back crypto ambitions for Block [MSNBC.com]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: MSNBC.com
In this articleJack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesDuring the crypto-crazed summer of 2021, when memecoins such as dogecoin and Shiba Inu were rocketing alongside bitcoin and ethereum, Square founder Jack Dorseyannounced"Our primary focus is#BitcoinIn December of that year, Dorsey went a step further,changing the name of Square Inc. to BlockThree years later, Dorsey is in retreat.Onthird-quarter earningsBlock continues to own a hefty amount ofIt's a notable change of tune.TBD was designed to be Block's platform for developers. Block called it Web5 and said the mission was to create a more decentralized, secure and private internet. Dorsey said in a tweet in mid-2022 that Web5 "will likely be our most important contribution to the internet."Stock Chart IconStock chart iconSquare's five-year stock chartBut Wall Street's view on crypto was starting
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SQ
Earnings
- 11/7/24 - Beat
SQ
Sec Filings
- 11/22/24 - Form 144
- 11/22/24 - Form 144
- 11/22/24 - Form 144
- SQ's page on the SEC website