Block's Cash App to Exit UK Market, Stock Drops
SQBLOCK(SQ) Benzinga·2024-07-19 03:18

Loading...Loading...Block Inc SQ announced that its consumer-payments platform, Cash App, will cease operations in the U.K. on September 15, six years after launching there.The platform, known for its mobile money transfers, was the company’s first international market when it debuted in 2018. Block’s stock is trading lower on Thursday.The company website quoted, “In recent months, we have outlined our strategic approach for Cash App, which prioritizes our focus on the United States and deprioritizes global ...