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Trevor2017

1,032 Posts.

154

24/03/23

22:32

Post #: 66952466
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Originally posted by Trevor2017: ↑

Good take. The report is hollow in the sense that it took two years of research to find some cases of inappropriate usage and sensationalise it to the point cash app was designed to facilitate criminal activity since day 1.

US population is ~330m and no one would expect that 51m monthly transaction actives would equate to 51m users once you consider the demographics cash app is targeting. It's the $ flow that matters.

The main question for me is if or to what extent the app is used for inappropriate activities (AML, criminal etc) on a systematic basis in $ term. Idiosyncratic cases can't be avoid and can only be limited to a certain extent.

I'm waiting for Block's response to decide my next step.

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Perspectives from fintech industry insiders:

SQ2 Price at posting: $88.94 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $106.02		Change -6.230(5.55%)		Mkt cap ! $4.030B

Open	High	Low	Value	Volume
$104.13	$107.43	$103.84	$73.70M	698.6K

Buyers (Bids)

No.	Vol.	Price($)
2	1381	$106.01

Sellers (Offers)

Price($)	Vol.	No.
$106.13	100	1

View Market Depth

No.	Vol.	Price($)
2	1381	106.010
1	200	105.960
3	1290	105.950
1	1111	105.900
1	1261	105.850

Price($)	Vol.	No.
106.130	100	1
106.380	1994	1
106.520	750	1
106.580	150	1
107.000	1000	1

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last $105.97			Change -6.230 ( 5.81 %)
Open	High		Low	Volume
$104.24	$107.42		$103.95	52405
Last updated 15.59pm 02/05/2024 ?

SQ2 (ASX) Chart