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Form10Q Quarterly Report quarterly period ended March 31
Periodic Reports - Other
- May 3, 2024
- 93 pages
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Form 8-K Current Report. Items 2.02 and 9.01
Periodic Reports - Other, Web Casts
- May 3, 2024
- 43 pages
This Month
Buy now, pay later surges as Dorsey realises Cash App vision
Block’s BNPL volumes are rising as Afterpay is rolled into Cash App, which has 24 million active users in the US. The stock jumped more than 10pc on Friday.
- James Eyers
March
- Exclusive
- Funding
Former stockbroker, Afterpay alumni raise $16m for fintech start-up
Former Wilsons stockbroker and Australian national swimmer Luke Trickett has raised $16 million for his invoice payments start-up Marmalade.
- Tess Bennett
‘Lack of transparency’ to force credit licences on BNPL
Buy now, pay later players will have to hold a local credit licence to operate in Australia and take reasonable steps to ascertain a customer’s financial position.
- Lucas Baird
Buy now, pay later is pulling off the improbable – a comeback
Block and Zip valuations are rising as peak interest rates pass. Klarna is considering listing in the United States. Is the sector’s winter finally over?
- James Eyers
February
Four ASX stocks up at least 50pc in the past three months
These ASX-listed companies have ridden months-long relief rallies to near-record highs, and some analysts think they may still have further to run.
- Joshua Peach
Nick Molnar backs Block’s bid to reshape US banking
The billionaire Afterpay co-founder Nick Molnar tells AFR Weekend he’s been working with Jack Dorsey on Cash App, and they’re ready to tackle US banks.
- James Eyers
Ex-Bingo CEO sentenced | Playing the Nvidia-fuelled Al boom | Sydney’s $65m house sale
Read everything that’s happened in the news so far today.
Deep Yellow surge puts squeeze on Fidelity’s charity
Even when done altruistically, stock-picking isn’t for the faint-hearted.
- Myriam Robin
January
‘Pretty much donezo’: Afterpay’s global ambition feared in job cuts
The company’s US parent, Block, told staff on Wednesday it is beginning to enact plans to cut more than 1000 jobs globally.
- Nick Bonyhady
Tech Council boss Kate Pounder resigns
Australia’s technology sector loses a powerful voice in Canberra, after the boss of high-profile industry group steps down.
- Tess Bennett
Zip shares jump on path to profitability
Zip shares opened 15 per cent higher on Monday morning, in a sector still weighted down by negative sentiment.
- James Eyers
December 2023
Afterpay’s bad debts climb, just like its costs
Accounts filed by the Block-owned buy now, pay later company for the 18 months to December 2022 show scale eluded the Australian business.
- Nick Bonyhady
November 2023
BNPL laws delayed until new year amid legislative drafting constraints
Minister Stephen Jones said resourcing pressures would push back finalising a bill to bring Afterpay and Zip under the credit act until early next year.
- James Eyers
Saunas, ice baths and health allowances: Welcome to the next wave of perks
Employers are ramping up their wellbeing offerings after the pandemic left many employees feeling burnt out. Subsidised gym memberships no longer cut it.
- Euan Black
Jack Dorsey’s Block soars 25pc as it lifts guidance, cuts jobs
Block announced a $1b share buyback, said it would cut 1500 jobs, and lifted FY24 profit guidance. The market approved.
- James Eyers
- Analysis
- Disruption
Musk banks on turning X into a financial platform
“If it involves money, it’ll be on our platform,” Musk told X staff last week. But a move into financial services will involve serious regulation.
- James Eyers
October 2023
- Exclusive
- Funding
Digital debt collector counts benefits of a cost-of-living crisis
Perennial-backed InDebted has made its first acquisition since 2021 as a rise in people defaulting on payments sees it approach profitability for the first time.
- Tess Bennett
Afterpay’s Block begins lay-offs after stock crashes
Recent moves in Block’s share price has seen the company’s total market cap fall to less than what it paid for Afterpay two years ago.
- Mark Di Stefano
September 2023
Square payment outage raises red flags at the Reserve Bank
Block-owned Square does not report data on reliability and outages to the RBA. That might change after its payments system went down on Friday.
- James Eyers
August 2023
Block shares crunched on concerns about spending
Block shares fell 10 per cent on Friday despite second-quarter earnings beating forecasts as the CFO said macro headwinds were “more pronounced in Australia”.
- Jonathan Shapiro and James Eyers