Block Doubles Down on Banking Base as FinTech Competition Grows

Jack Dorsey is no stranger to playing the long game. But Block, the financial services and digital payments company formerly known as Square, missed Wall Street’s short-term estimates for its fourth quarter 2024 earnings and revenue numbers Thursday (Feb. 20), sending the stock down high single-digits in extended trading. Executives highlighted on Thursday’s investor call that Block, which was an early leader in providing point-of-sale systems for small and medium-sized businesses (SMBs), faces increased co ...