US EditionBlock Rebounds: Undervalued Giant Poised for Comeback
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Block Rebounds: Undervalued Giant Poised for Comeback
Block, Inc. – formerly known as Square – was once the prime example of tech euphoria on the stock market. The fintech company, founded by Twitter co-founder Jack Dorsey, is known for its mobile payment solutions and peer-to-peer apps such as Square and Cash App. After a meteoric rise during the coronavirus pandemic, a steep decline followed – a loss of over 80% from its all-time high. But with currently around 12 times earnings and solid profita…
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