SQ2 is just one of the many intrinsically unprofitable bubble stocks that rely on perpetual revenue growth but don't make a profit. They can't significantly reduce spending because it would expose the fundamental weakness of the underlying business. [Nvidia has even resorted to funding unprofitable AI and cloud startups to artificially pump demand.]
If Block had a brilliant future do you think insiders, like Alyssa Henry, would be constantly selling shares?
SQ2 is just one of the many intrinsically unprofitable bubble...
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Last
$100.10 |
Change
4.860(5.10%) |
Mkt cap ! $4.259B | |||
| Open | High | Low | Value | Volume |
| $96.79 | $102.99 | $96.33 | $79.63M | 799.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $100.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $100.10 | 17963 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| SQ2 (ASX) Chart |