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Block shares pop on Q4 earnings beat

Block (SQ) earnings Q1 2024

Block reported first-quarter earnings after the bell Thursday that exceeded analysts’ estimates. The stock rose more than 7% in extended trading. Here’s how the company did, compared with analysts’ consensus estimates from LSEG. Earnings per share: 85 cents adjusted vs. 72 cents expected Revenue: $5.96 billion vs. $5.82 billion expected Block, formerly known as Square,...

There was a significant influx of deposits after SVB's collapse, says ClearBank

Coinbase partner ClearBank posts first full-year of profit

Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023. Chris Ratcliffe | Bloomberg | Getty Images ClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump in revenues. The firm...

Block shares pop on Q4 earnings beat

Block (SQ) earnings Q4 2023

Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block stock rose 19% Friday, a day after the payments company reported fourth-quarter earnings that beat analyst estimates on gross...

Spot bitcoin ETF decision: First trades expected after SEC grants multiple approvals

Circle confidentially files for IPO following banner year for crypto

A woman holds a smartphone with the USD Coin logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Circle, the issuer of the USDC stablecoin, has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, a little more than a year after terminating a...

Earnings Exchange: Block, DraftKings & Carvana

Block (SQ) earnings report, Q3 2023

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Shares of fintech firm Block surged as much as 19%...

New IPOs fizzle out: What's behind the tumbles

MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC

Bymuratdeniz | E+ | Getty Images Asian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose acquisition company Bridgetown Holdings. Bridgetown Holdings Limited is backed by Thiel Capital – PayPal co-founder Peter Thiel’s venture capital firm – and Pacific Century Group, a...

We believe Southeast Asia is still a bright spot for startups, venture builder says

Vietnam’s digitalization efforts fuel startup scene

Vietnamese employees working inside the French IT company Linkbynet in Ho Chi Minh City. A decade ago app technology would likely have been developed in California’s Silicon Valley, but today those apps are being churned out by Vietnam’s startup sector, an industry driven by local techies trained overseas but returning home to prowl for opportunities....