Block Inc.: A Deep Dive Into Their  Strategic Evolution & Competitive Landscape!

Block Inc., previously known as Square, provided updates on its business performance for the first quarter of 2024 in a recent earnings conference call. The company reported an impressive gross profit of $2.09 billion, an increase of 22% compared with the same period last year. This was mainly due to robust growth in the company’s Square and Cash App businesses, and discipline in managing expenses. However, Block did reveal that it is aware of an existing inquiry by the Department of Justice (DOJ), which was misrepresented in a news report.