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5 mins read
Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlin…
Dan DeFrancesco
1 min read
Square stock could rise by 25% as the Cash App is developer a 'must-own' fintech innovator, Jefferies says
The Cash App is a 'long-term winner' in the competitive digital-wallets space, said Jefferies in up…
Carla Mozée
1 min read
Investing in Square today is like buying JPMorgan in 1871 as the payment company's Cash App realizes its growth potential, Mizuho says
"We believe Cash App may be en route to becoming the ultimate neo-bank and the money center bank of…
Matthew Fox
2 mins read
Block gave a 'robust' response to brutal short-seller report, and shares of the Cash App parent are looking at 40% upside, Bank of America says
Block stock could climb to $96 on fundamentals as well as the Cash App parent's response to Hindenb…
Carla Mozée
2 mins read
Square CFO says 1 million users of its Cash App service bought bitcoin for the first time in January
Square CFO Amrita Ahuja said in an interview with CNBC Wednesday that bitcoin is aligned with the c…
Isabelle Lee
2 mins read
Square gets a street-high $330 price target from Deutsche Bank on Cash App stimulus potential
Deutsche Bank analysts led by Brian Keane believe another round of government stimulus will boost C…
Will Daniel
1 min read
Cash App creator and former Square CTO Bob Lee has died after a reported stabbing in San Francisco
Bob Lee was the chief product officer of crypto startup MobileCoin after his time at Jack Dorsey's …
Pete Syme
2 mins read
Square's crypto business could generate $1 billion in profit if bitcoin soars to $100,000, Wall Street analyst says
Bitcoin traded above $39,000 for the first time ever on Thursday, and the crypto market as a whole …
Matthew Fox
2 mins read
Jack Dorsey's Square reports Q1 bitcoin revenue grew 1,000% to $3.5 billion - and is the 3rd-largest corporate holder of the cryptocurrency
Square now holds 8,027 bitcoin, making it the third-largest publicly-traded holder of the digital a…
Shalini Nagarajan
1 min read
Block drops after report Apple is preparing to launch payments service on iPhones for small businesses
Apple may begin rolling out the new payments feature through a software update in the coming months…
Carla Mozée
1 min read
PayPal and Square's Cash App have scooped up 100% of newly mined bitcoins, report says
One of the key catalysts for Bitcoin's rally is the ease of investing via PayPal, Cash App, and Rob…
Shalini Nagarajan
2 mins read
Twitter is launching a dedicated crypto team to work on blockchain applications and Web3
The new team, called Twitter Crypto, is aimed at being the center of excellence for "all things blo…
Isabelle Lee
1 min read
Jack Dorsey's Cash App has teamed up with Miley Cyrus so the singer can give out $1 million in stock
Her followers can participate in the giveaway by commenting on her Instagram or Twitter post with t…
Shalini Nagarajan
2 mins read
Bitcoin has broken above $15,000 just as Square reported almost 80% of its Q3 Cash App revenue came from the digital token
Bitcoin has been gaining in value partly because Democrat nominee Joe Biden's lead points to a favo…
Shalini Nagarajan
1 min read
Jack Dorsey's Cash App is allowing users to send and receive bitcoin without any transaction fees
The Cash App team further announced a $1 million giveaway in bitcoin, open to users that are legal …
Shalini Nagarajan
2 mins read
Bitcoin surges back above $51,000 after Square's $170 million investment, Cathie Wood's positive comments
Square's purchase of an additional $170 million of bitcoin and bullish remarks from Cathie Wood hel…
Isabelle Lee
2 mins read
Twitter's Jack Dorsey reveals how and why Square invested $50 million into a block of nearly 5,000 bitcoins
Dorsey was keen to share how Square's team executed the trades, and revealed the process in a white…
Shalini Nagarajan
1 min read
Square buys 4,709 bitcoins for $50 million on the potential it will be a 'ubiquitous currency'
Square said its investment in the digital currency represents approximately 1% of its total assets …
Matthew Fox
1 min read
Threads set to cross 100 mn users as Twitter traffic dips
Meta's Twitter rival, Threads, is set to cross 100 million user sign-ups as Twitter is experiencing…
1 min read
Square surges 16% after reporting quarterly earnings showing a 64% jump in revenue
"Engagement during the second quarter also benefited from government funds related to the stimulus …