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Block Inc's Bitcoin revenue stagnated in the third quarter, failing to meet expectations, and its stock price fell by 12%

Block Inc's Bitcoin revenue stagnated in the third quarter, failing to meet expectations, and its stock price fell by 12%

Bitget2024/11/08 02:46

The stock price of BlockInc(SQ) plummeted in early trading after hours, as its Bitcoin revenue for the third quarter remained flat compared to the same period last year, and total revenue did not meet Wall Street's expectations. According to Google Finance, 10 minutes after closing on November 7th, Block's stock price fell by 12.3% to a low of $66. On the day of closing, the stock fell by 3.05% to $75.27.

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