Block Shares Plunge Post-Earnings
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numerous Cash App monetizationCNBC
•Business
Business & Economics
Block plunges 20% as Cash App miss triggers downgrades

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.
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