Everywhere I look I see analysts with buy ratings for Block Inc and price targets into the mid $200 USD.
Besides your opinion Block Inc is another ponzi scheme (you seem to say that about any business you don't understand), do you know what they do? Have you ever used one of their products? (hint - you probably have but did not know it... which is often the sign of a good product).
If the founders feel they aren't quite rich enough yet, they will likely hold onto a sizable chunk of shares.
APT Price at posting:
$69.03 Sentiment: Hold Disclosure: Held
