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Block (XYZ), formerly known as Square, has been one of the most disruptive fintech players of recent years. The company’s two major payments ecosystems, Square and Cash App, serve small and medium-sized businesses (SMBs), consumers, and even cryptocurrency buyers.
However, Block stock has struggled, falling dramatically since its peak, dragged down by rising interest rates, concerns about consistent profitability, increased competition, and broader macroeconomic uncertainty.