Block (NYSE: SQ) stock, formerly Square, was a dynamo growth stock before losing investor confidence in the last bear market. But unlike many other stocks, it hasn't recovered at all from that time. In fact, it continues to fall. Let's see why and whether or not this presents a buying opportunity.
Block burst onto the financial scene with its little white, square-shaped card reader that became a game-changer for small businesses. It made accepting payments much easier for these clients, and it sparked a revolution of small business solutions that have leveled some of the playing field for businesses to be able to compete with bigger companies in a meaningful way.
Today, the seller's business offers a variety of small business services that simplify management. It also operates a personal financial business, Cash App, that's also become a popular option.
Source Fool.com