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Block’s Q422 Sees Strong Gains from CashApp and Square Despite Bitcoin Losses

Block Still Upbeat, Despite Lower Bitcoin Sales

Block, the online payments giant, announced a solid increase in sales and gross profit in the fourth quarter, as its mainstays, digital wallet CashApp and commercial payments platform Square, saw significant gains. Performance The company’s gross profit in the fourth quarter of 2022 was $1.66 billion, up over 40% from roughly $1.2 billion in the […]

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