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Block plunges 20% as Cash App miss triggers downgrades

CNBC
Summary
Nutrition label

74% Informative

Block shares plunged more than 20% after a brutal quarterly report and a wave of analyst downgrades.

Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and soft macro environment that may weigh on monetization.

Monthly Cash App actives remained flat at 57 million — and inflows rose just 8% , despite new features like Afterpay on the Cash Card.

VR Score

84

Informative language

89

Neutral language

46

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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