Why Block Shares Are Losing Value Today [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
The reports caught investors off guard, sending Block shares down about 10% as of 1:45 p.m. ET. The Feds are looking into Block's most important apps Block products, including Square and Cash App, have been central to the fintech revolution, offering consumers and businesses new ways to transfer money and facilitate commerce. But they also mean the company is subject to U.S. anti-money-laundering and terrorism laws. On Wednesday, NBC News reported that Block is subject to a probe into whether the company gathered sufficient information on customers to assess risks. Prosecutors are also looking into whether Square processed transactions involving countries subject to economic sanctions and whether Block handled cryptocurrency transactions involving terrorist groups. The report states that former Block employees provided investigators with the U.S. Southern District of New York documents that the former employees say show compliance breaches. Some transactions involved sanctione
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PYPL
News
- PayPal Holdings, Inc. (NASDAQ: PYPL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- PayPal: Still Disrupting Or Getting Disrupted? [Seeking Alpha]Seeking Alpha
- Where Will PayPal Stock Be in 1 Year? [Yahoo! Finance]Yahoo! Finance
- Everyone Is Talking About PayPal. Is It a Good Long-Term Option? [Yahoo! Finance]Yahoo! Finance
- Tusima and Japan's Largest Aggregated Payment Platform Netstars Reached A Strategic Cooperation in the Offline Consumer Points Field [Yahoo! Finance]Yahoo! Finance
PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 5/9/24 - Form DEFA14A
- 5/6/24 - Form DEFA14A
- 5/2/24 - Form DEFA14A
- PYPL's page on the SEC website