Jack Dorsey's Block Plans To Shut Down Its Cash App Platform In The UK
Portfolio Pulse from Benzinga Newsdesk
Jack Dorsey's Block Inc. plans to shut down its Cash App platform in the UK, as reported by Bloomberg.
July 18, 2024 | 2:28 pm
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Block Inc. (SQ) plans to shut down its Cash App platform in the UK, which could impact its international growth strategy and revenue streams.
The shutdown of Cash App in the UK could negatively impact Block Inc.'s international growth strategy and revenue streams. Investors may view this as a setback in the company's expansion plans, leading to a potential short-term decline in stock price.
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