Adyen $ADYEN says Cash App $SQ contributes around 1% of their net revenue (€4.98 or $5.32 million in Q3). Assuming Adyen handles all Cash App inflows ($70 billion in Q3)…that’d be a 0.8bps net take rate. So I guess, Adyen doesn’t handle all inflows, right? https://t.co/kuN7Unzczl
The Wall Street does not believe in the “gross profit growth in 2025 of at least 15%”. I guess, if Block $SQ delivers on this, we will see a sentiment change. https://t.co/twsYJWg54P https://t.co/5xyGK8mVxl
Jack Dorsey, Block $SQ Q3 2024 earnings call: “…the area that I would point to for 2025 that I believe is going to be the most interesting is around Cash App Local. We're one of the few companies that have both sides of the counter…” https://t.co/7gsXleAIAD




Pinterest Inc. ($PINS) experienced a significant decline of 11.2% in pre-market trading as concerns over rising AI costs unsettled investors. Analysts suggest that the stock could face further downside, potentially dropping to the mid-$20s, while the upside projection over the next two to three years could reach $45-$50, assuming the company meets its three to five-year financial plan. Some investors are taking advantage of the dip, with one report indicating a purchase at $28.18 per share. In related news, Block Inc. ($SQ) is under scrutiny as analysts question its ability to achieve a gross profit growth of at least 15% in 2025, despite the company's optimistic outlook shared during its Q3 earnings call. Additionally, Adyen reported that Cash App, a service offered by Block, contributed approximately 1% of its net revenue in Q3, raising questions about the overall revenue handling of Cash App inflows.