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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It's not the business, it's fintech.Rather than just saying so,...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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8 | 214 | 99.690 |
2 | 21 | 99.680 |
1 | 6 | 99.670 |
1 | 10 | 99.660 |
7 | 70 | 99.640 |
Price($) | Vol. | No. |
---|---|---|
99.700 | 427 | 8 |
99.710 | 17 | 3 |
99.720 | 2 | 2 |
99.750 | 412 | 2 |
99.760 | 29 | 1 |
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