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Block Stock: The Good, The Bad, And The Ugly

It’s been a long way down for former market darling Block (NYSE:SQ). Block stock soared during the pandemic as merchants and consumers were forced to switch to digital payments because of lockdowns. In just 18 months shares soared nearly 600%, but it was short-lived. Investors saw the fintech stock lose almost 90% of its value from peak to trough just two years later.

A reopened economy, risky bets on cryptocurrency, the speculative acquisition of buy now, pay later outfit Afterpay, and a withering short-sellers report brought Block’s stock back down to Earth. As the stock gains momentum again, investors need to ask whether the ongoing risks outweigh the potential reward.

This post appeared first on InvestorPlace.