BLOCK LAYOFFS IMMINENT! $SQD
Block Inc. is cutting up to 10% of its workforce. Hundreds notified. This massive restructuring hits just before their earnings call. Analysts expect strong revenue, but are watching for profit margins. They are integrating Cash App and Square more tightly. Bitcoin revenue is down year-over-year. Square launched a new Bitcoin payment feature for merchants. This is a critical pivot point for the company. The market is watching closely.
Disclaimer: Not financial advice.
SQD
Alpha
0.045527
+1.47%