I still cant figure out why this stock is still holding at $70s....this is a $15/share at best. I wont be surprised for it to have its square day. Such an old tech lurking around with 50 bil valuation. Doge coin can do what pypl can it seems.
Hindenburg is a short seller attempting to profit from their report that Block is "facilitating fraud" by turning a blind eye to customers who took advantage of pandemic-era fraud payments. They also accuse Block of charging up to 35% in interchange fees by routing payments through smaller banks. PYPL was previously probed by the SEC in 2021 for a similar process.
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Wonderful