đ Block Inc's shares took a rollercoaster ride on Nov. 7, dipping 12.3% after hours, only to bounce back to a modest 1.7% loss. The reason? Bitcoin revenue decided to play it cool, staying flat at $2.43 billion in Q3.
Despite missing Wall Street's revenue expectations, Block's gross profits soared 19% to $2.25 billion. The company is shifting gears, winding down its DeFi software business and scaling back on TIDAL to focus on Bitcoin mining and Bitkey, its self-custody wallet.
With Bitcoin teasing new highs, what do you think about Block's crypto pivot? Share your thoughts below! đŹ