Article about
BLOCK in FOCUS MONEY 48/2024
„The Company: … Bitcoin plays an important role in Block's business model, particularly through the Cash (peer-to-peer transactions) app, which also enables the buying and selling of Bitcoin. In addition to hardware (card readers), the ecosystem includes numerous payment solutions, a "Buy Now, Pay Later" service (Afterpay) and the music streaming service Tidal.
The numbers: The company is developing dynamically. The average profit growth over ten years is 19.82 percent per year. Even though Block is trading well below the all-time high of 281.81 US dollars (05.08.2021), the Bitcoin hype is likely to boost the price.
The vision: Although Block faces strong competition from PayPal, Adyen, Affirm Holdings, but also Apple Pay and Google Pay, the company has a strong position in the fintech sector thanks to its innovative products and strategic acquisitions. The broad offering offers investors potential and should continue to show solid performance in the future.“