📈 Block Inc., the financial technology company founded by Jack Dorsey, recorded a net profit of $566 million in the third quarter of 2026, surpassing the $462 million net profit recorded during the same period last year. Following this performance, Block raised its gross profit outlook for 2026 to $12.63 billion. Meanwhile, the company’s gross profit from the Bitcoin ecosystem declined by 50% year-over-year to $52 million, due to reduced fees on Cash App. #JackDorsey #Block #Bitcoin #CashApp
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