Block stock

[Anonymous No.52626193]

A jaw-dropping growth stock you'll regret not scooping up as the Nasdaq plunges is fintech stock Block (SQ -0.84%), the company formerly known as SQUARE. Even though Bitcoin losing three-quarters of its value has taken the wind out of the company's cryptocurrency trading operations, there's a lot for long-term investors to be excited about.

To begin with, the company's Square Ecosystem remains its foundational gross profit driver. This is the operating segment that provides merchants with point-of-sale devices, loans, and analytics to help them grow their business. During a very challenging third quarter, the Square Ecosystem recognized $50 billion in gross payment volume (GPV). To offer some context, Square did $6.5 billion in GPV in the entirety of 2012. It's now pacing an annual run rate of $200 billion in GPV.

But the sheer dollar amount of GPV isn't what's most impressive. Rather, it's that approximately 40% of GPV in its latest quarter came from businesses with $500,000 or more in annual GPV. In other words, bigger businesses are using the Square Ecosystem. Since this is a fee-based segment, more transactions from bigger companies should equate to sustainably higher gross profit.

Putting aside slightly weaker Bitcoin trading revenue, digital peer-to-peer payment platform Cash App is also firing on all cylinders. Cash App is now up to 49 million active users, with gross profit per user many multiples higher than the cost to bring in each new user. Since digital payments are still in their infancy, Cash App looks to become Block's leading cash-flow generator sooner than later.
https://www.youtube.com/watch?v=1vAqaUwLg7g

[Anonymous No.52626241]

[Anonymous No.52626430]

>>52626241
If you like the girl, you'll love the stonk.