@Dizzle6912

@BitcoinatBlock Square won't release my funds they're acting like they have th rights to people's money and care nothing about their customers I suggest that you stay away from them and keep filling reports with the bbb sign the petition to end this change.org/p/end-block-in…

Oh hey bitcoin twitter

@gu_yunhong43226 Square won't release my funds they're acting like they have th rights to people's money and care nothing about their customers I suggest that you stay away from them and keep filling reports with the bbb sign the petition to end this change.org/p/end-block-in…

$XYZ Why I Think the Market Is Underestimating Block Block ($XYZ) is still being valued as the company it used to be: a collection of loosely connected fintech assets, a slowing Square business, an under-monetized Cash App, and a management team with an uneven capital-allocation record. I think that view is increasingly outdated. The company is moving toward a much more coherent model in which short-duration credit, consumer payments, primary banking relationships and merchant commerce reinforce one another. If that flywheel works, Block’s current guidance and valuation both look too conservative. Block generated $10.36 billion of gross profit in 2025. Management is guiding to $12.33 billion in 2026, or roughly 19% growth. My estimate is closer to $13 billion, and I believe gross profit can grow around 25% again in 2027, reaching approximately $16.2 billion. That would put Block above its 2028 Investor Day gross profit target of $15.8 billion one year early. The first-quarter results support this view. Gross profit increased from $2.872 billion in Q4 2025 to $2.909 billion in Q1 2026. That sequential increase matters because Q1 normally faces a seasonal slowdown after the holiday quarter. Instead, Block delivered 27% year-over-year gross profit growth, including 38% growth at Cash App and 55% growth in Financial Solutions. More importantly, several of the company’s most promising products were not yet fully reflected in Q1. Cash App Borrow originations grew 175% year over year. Afterpay Post-Purchase originations increased more than fifteenfold. Consumer lending origination growth accelerated from 69% in Q4 to 82% in Q1, while new and mature Borrow cohorts continued to perform within management’s expected loss ranges. The distinction between Block’s lending model and a traditional subprime lender is important. The average Cash App Borrow loan is under $100 and has a duration of approximately 21 days. The loan book can turn roughly 17 times per year. Each new borrowing event triggers an updated credit decision using near-real-time information about customer inflows, spending patterns, balances and repayment history. Around 70% of Borrow customers have FICO scores below 580, yet repayment rates have remained around 97%. Block is using its own transaction data to serve customers who are poorly represented by traditional credit scoring, while avoiding much of the duration risk associated with longer-term consumer lending. High origination volume should therefore not be confused with an equivalent amount of capital remaining at risk. The same capital can be repaid and redeployed repeatedly throughout the year. The real opportunity, however, is not simply the income earned from lending. Borrow can increase a customer’s Cash App balance, which can drive more Cash App Card spending. Higher spending generates interchange revenue and more behavioral data. That data can improve future underwriting, increase borrowing limits and support conversion into a Primary Banking Active customer. The flywheel looks like this: Borrow approval → Cash App balance → Card spending → interchange income → more behavioral data → better underwriting → repeat usage → Primary Banking Active conversion. This is why lending growth can also accelerate Cash App’s higher-quality Commerce Enablement business. Block is not merely adding a credit product. It is using credit to deepen the customer’s entire financial relationship with Cash App. Afterpay’s integration into Cash App expands that opportunity further. As of June, eligible Cash App Card customers can use Afterpay for purchases wherever Visa is accepted. Customers can turn on Afterpay before making a purchase, convert eligible recent Card transactions into installment loans, and convert certain Cash App person-to-person payments after the transaction. This removes one of the biggest historical constraints on BNPL distribution: merchant integration. Afterpay no longer needs to be offered by a specific merchant at checkout. Cash App itself becomes the distribution layer, while Visa provides the acceptance network. There is a useful comparison with Sezzle Anywhere. Sezzle’s decision to let subscribers use its virtual card beyond integrated merchants significantly increased engagement and purchase frequency. In Q1 2026, Sezzle reported 48% subscriber growth, 37% GMV growth, 29% revenue growth and 42% adjusted net income growth. Cash App can create a similar frequency effect without depending on subscription revenue. It can monetize through financing fees, interchange, Card usage, retained balances, repeat borrowing and the broader customer relationship. Cash App Tags are another part of the same strategy. The Wand, Mini Card and Heart may look like novelty hardware, but the hardware revenue itself is not the point. These products turn a normally invisible payment method into something visible, collectible and social. The Wand sold out shortly after launch and generated substantial attention across social platforms. Tags are linked directly to Cash App Card and work at Visa contactless terminals. Offers, Overdraft and Afterpay can operate through the same payment device. If these products increase app traffic, Card activation and transaction frequency, they become a low-cost consumer acquisition and engagement channel. The key metric is not how many $25 Wands Block sells. It is whether Tag owners spend more, retain more money in Cash App and adopt more financial products. The speed at which these products are being released also matters. Block reduced its workforce by more than 40% and reorganized around a smaller, AI-native operating structure. Management reported that production code changes per engineer had increased more than 2.5 times between January and mid-April. The market naturally worries that such a large workforce reduction could create operational, compliance or product-quality problems. That risk is real. But if Block can maintain execution with a much smaller organization, the operating leverage could be significantly greater than current guidance implies. Q2 guidance is a good example. Q1 gross profit of $2.909 billion minus adjusted operating income of $728 million implies an adjusted cost burden of approximately $2.181 billion. Q2 guidance of $3.04 billion in gross profit and $740 million of adjusted operating income implies approximately $2.30 billion of adjusted costs. In other words, management is assuming that adjusted costs increase by about $119 million sequentially, despite Q2 being the first full quarter under the reduced workforce. That difference is not pure SG&A. It includes product development, sales and marketing, general and administrative expenses, and transaction and credit losses. Management has also said that it intends to increase go-to-market spending meaningfully in Q2. Even so, the guidance appears to include a meaningful cushion. The company is assuming slower gross profit growth than Q1 while also assuming that higher marketing and credit expenses absorb most of the personnel savings. My Q2 estimate is closer to $3.12–3.16 billion of gross profit and $870–950 million of adjusted operating income, compared with company guidance of $3.04 billion and $740 million. For the full year, I estimate approximately $13 billion of gross profit, $3.85–4.05 billion of adjusted operating income and adjusted EPS of $4.60–4.90. For 2027, my working assumptions are: Cash App gross profit of approximately $10.9 billion, Square gross profit of approximately $5.2 billion, and total Block gross profit of approximately $16.2 billion. If adjusted operating margins reach 33–35%, adjusted operating income could be approximately $5.35–5.7 billion. With continued share repurchases, adjusted EPS could reach roughly $6.30–6.80. That brings me to valuation. Block currently trades at a lower forward earnings multiple than SoFi and Affirm. Some discount is justified by Block’s governance structure, its capital-allocation history, limited product-level disclosure and the fact that the Cash App–Square flywheel is still being proven. But a 20x multiple is too low if Block can compound gross profit at approximately 25%, expand margins into the mid-30s and reduce its share count at the same time. Using 2027 adjusted EPS of $6.30–6.80 and a 24–26x multiple produces a potential value of roughly $150–175 per share. That is not my unconditional price target. It is the value I believe becomes reasonable if the operating thesis is confirmed. The thesis would weaken if new Borrow cohort loss rates move materially above 4%, Square gross profit remains stuck in single-digit growth, Afterpay adoption fails to increase Cash App Card volume, or the workforce reduction produces service, compliance or product-quality problems. It would strengthen if Cash App Financial Solutions continues growing above 40%, Commerce Enablement growth remains in the mid-teens or higher, Square gross profit begins converging with GPV growth, and adjusted operating expenses remain flat or decline despite continued product launches. The market still sees Block as a complicated fintech conglomerate. I increasingly see a financial operating system in which short-term credit drives payments, payments create proprietary data, proprietary data improves underwriting, and better underwriting deepens both consumer and merchant relationships. If that is where Block is heading, the company’s 19% growth guidance and sub-20x valuation are unlikely to represent its normalized earnings power.

Square won't release my funds they're acting like they have th rights to people's money and care nothing about their customers I suggest that you stay away from them and keep filling reports with the bbb sign the petition to end this change.org/p/end-block-in… @Square @JACKDORSEY

@BlockIR @TempletonThomas This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!!

Our Head of Hardware @TempletonThomas told us Cash App Tags were personal. Now they're proving to be magnetic too. Shipping fast with customers coming back for more.

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!! They're Theives

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!! They're Theives

This week's Square releases give every part of your operation — kitchen, counter, and online — more control with less setup. → Drive-Thru is here — built for lane operations, with automatic order numbering and digital menu board integration → Cycle counts built in bulk, not one item at a time → Allergen and seat-level notes follow every ticket to the kitchen → Ticket numbers that start fresh every morning → One screen to run your entire online ordering operation See everything in this week's release notes: squareup.com/us/en/release-…

@Square @CashApp This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!!

Bitcoin isn’t just for holding. Pay with bitcoin or dollars over Lightning at a Square seller with @cashapp → get 5% back in bitcoin instantly. Not points. Not rewards. Just bitcoin.

@BitcoinatBlock @Square @CashApp This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!! They're Theives

Earn 5% back when you pay over Lightning with bitcoin or your @CashApp balance at local @Square sellers ⚡️ cash.app/bitcoin

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!!

@BlockIR @jack @willemaw @Square @emcross23 This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!! They're Theives

🗓️July 14: On the Block #5 with Willem Avé (@willemaw), a builder at heart who has been delivering year-on-year growth leading product at @Square. @emcross23, Head of IR, and Willem will talk about the defining opportunity he sees right now: bringing powerful AI capabilities to the sellers who need them most. Stream live at 1pm PT/ 4pm ET (no registration needed): block.brandlive.com/On-The-Block-5…

@BitcoinatBlock @Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!!

Bitcoin Pizza Day feels different this year. The first real-world bitcoin transaction wasn’t a mistake. It was the beginning of #bitcoin being used as money. Now, more than 15 years later, people are using bitcoin to pay, earn, save, and move money around the world everyday. Laszlo helped prove that future was possible.

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!! They're Theives

A new set of Square releases drops next week ⚡️ A few highlights: → Allergy and dietary preferences by seat — staff can flag allergens and diet notes per guest on tickets and the Kitchen Display System → Bitcoin tap-to-pay on Square Register — customers tap their phone on the display to pay with Bitcoin at checkout → Square Savings now offers up to 3.50% APY, with balances of $10,000 or more automatically qualifying for the higher rate See everything in the full release notes: squ.re/releasenotesv5

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!!

Square Bitcoin is not offered to NY Sellers or non-US Sellers. Availability subject to change and regulatory approval. Bitcoin’s value is volatile and can change quickly. Bitcoin transactions are irreversible and may experience occasional delays or payment failures. Bitcoin services are provided by Block, Inc., licensed where required. Block, Inc. operates in NY as Block of Delaware and is licensed to engage in virtual currency business activity by the NYDFS. See disclosures: squareup.com/us/en/legal/ge…

Bitcoin payments are now even easier on Square Register. Your customers can flip the toggle at checkout and pay with bitcoin. No new training needed.

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!! They're Theives

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!!

This week: less manual work, smarter alerts, and more for Square sellers. Here's what's new: → Dedicated Square Savings folder automatically sets aside the sales tax amount from every card sale based on percentages you set → Price overrides for the same item set across multiple locations in a single action → Item grids synced from one location to others directly from Square Point of Sale on iOS → A distinct audio tone when payments decline, audible even in loud environments → Receipt font size adjustable per station — small, medium, or large See everything in this week's release notes: squareup.com/us/en/release-…

@Square This company will say that your being reviewed for any transaction just to steal from you , I literally used it once 1st transaction and they withheld 2300 dollars from with no valid explanation, DO NOT USE THIS COMPANY I REPEAT DO NOT TRUST THEM!!!

This week's releases are about improving inventory accuracy, table status, and label clarity. Here's what's new: → Inventory adjustments tagged by cause — shrinkage, damage, theft — with custom reasons sellers define themselves → Limited-quantity items reset to the right count on a daily or weekly cadence, automatically → Tables show as occupied the moment guests sit, even before anything hits the check → Clearer labels for hiding items on Square business websites — same behavior, less confusion See everything in this week's release notes: squareup.com/us/en/release-…

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