Dare Obasanjo on Nostr: Square’s rename to Block has been vindicated. Almost half of its revenue now comes ...

Square’s rename to Block has been vindicated. Almost half of its revenue now comes from Bitcoin ($2.4B out of $5.5B in Q2). Both its merchant business and Cash app are profitable with a combined $1.87B gross profit this year.

Block is my favorite type of tech company — provide a useful service to consumers and businesses then get paid for it. https://www.reuters.com/business/finance/dorsey-led-block-reports-rise-second-quarter-revenue-2023-08-03/