Odaily Planet Daily News: Block (formerly Square), a payment company founded by former Twitter CEO Jack Dorsey, had a total net income of $4.52 billion in the third quarter, a year-on-year increase of 17%. Excluding Bitcoin revenue, net income was $2.75 billion; net loss was $14.7 million, including a $2 million impairment loss and $56 million in amortization expenses related to Bitcoin. Excluding these expenses, Block's net income totaled $43 million. In addition, its Bitcoin sales in the third quarter were $1.76 billion, and gross profit totaled nearly $37 million.