Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on August 06, 2022, 01:00:23 PM

Title: Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Post by: newshunter on August 06, 2022, 01:00:23 PM

Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down

Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand.

Source: Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down (https://cointelegraph.com/news/jack-dorsey-led-block-posts-1-5b-in-q2-profits-btc-revenue-down)

Would appreciate your opinion about this

Title: Re: Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Post by: trendcoin on August 06, 2022, 07:42:16 PM

This is a very good rate of profit. This news should be considered as an encouraging development for other companies as well. The world is in a global crisis. 1.5 billion is very nice money. :) Block Inc can set an example for other companies with its business model and profit rate. :)