Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 11/19/1976
Place of birth : United States
Linked companies : Block, Inc.
Biography : Jack Patrick Dorsey founded Block, Inc. and Twitter, Inc. Mr. Dorsey is Chairman & Chief Executive O

Dorsey-led Block posts loss for second quarter

08/04/2022 | 04:23pm EDT

(Reuters) - Jack Dorsey-led Block Inc on Thursday reported a loss for the second quarter as a bruising selloff in cryptocurrency markets hurt the digital payments company's earnings from bitcoin trades on its platform.

Net loss attributable to common stockholders came in at 36 cents per share in the quarter ended June 30, compared with a profit of 40 cents per share a year earlier.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Devika Syamnath)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) -1.07% 23461.8 End-of-day quote.-44.18%
BITCOIN (BTC/USD) -0.89% 23886.3 End-of-day quote.-49.96%
BLOCK, INC. -6.46% 80.33 Delayed Quote.-50.26%