SQ2 0.55% $96.17 block inc.

It's not the business, it's fintech.Rather than just saying so,...

  1. 830 Posts.
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    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.

    https://hotcopper.com.au/data/attachments/4044/4044240-f1f76e39eb0efc695664d9d0ff7846e8.jpg

    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?
    Last edited by mikesheen: 01/02/22
 
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