Here’s why Block is taking a more cautious view of the year ahead - MarketWatch
1. Block Inc. lowered gross-profit outlook to $9.96 billion from $10.22 billion. 2. Cash App saw muted spending and lower inflows than expected. 3. Square business showed consistent growth, contrasting with Cash App's performance. 4. Block's shares dropped over 18% after the outlook announcement. 5. Non-discretionary spending categories performed better than discretionary ones.