Block’s stock has been in the news and faced a strong correction after becoming the latest target of Hindenburg. The report alleges that Block has overstated its genuine user counts and has understated its customer acquisition costs. It was damaging enough to result in a sharp correction in the company’s share price. Despite the negative impact of the report, Block’s results weren’t terrible and the company actually surpassed the revenue expectations of Wall Street though it did miss out on earn ....
