Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss – Cointelegraph
Block Inc, a prominent player in the cryptocurrency market, experienced stagnant Bitcoin revenue in the third quarter of this year. This news caused the company’s shares to drop by 12% due to missing revenue targets. The disappointing performance in Q3 has raised concerns among investors about the company’s future prospects. Block Inc will need to reassess its strategies in order to regain momentum in the competitive cryptocurrency industry.