It's not the business, it's fintech.
Rather than just saying so, I'll provide some evidence. Backing opinions up with figures seems to be going out of fashion, but I still like it.
Let's compare Block over the last 3 months with another company in fintech - one also with a focus on payments - Paypal.
Do you see the correlation?
Conclusion: the price movements have not been a reflection of the business performance, or the viability of the business. The market sentiment to all fintechs has been much the same.
Your suggestion that the price drop was a foreseen event, and the acquisition of APT by SQ was planned and timed to disguise the price drop is a far fetched work of fantasy.
Do you really believe that?
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Last
$107.42 |
Change
0.730(0.68%) |
Mkt cap ! $4.550B | |||
| Open | High | Low | Value | Volume |
| $107.14 | $107.43 | $106.70 | $7.185M | 67.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12 | $107.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $107.42 | 77 | 10 |
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| Last trade - 12.24pm 17/07/2024 (20 minute delay) ? |
| SQ2 (ASX) Chart |