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Top related persons:
Cash - 2 Brian Grassadonia - 2 Sen - 1 Sherrod Brown of - 1 Massachusetts Sen - 1 Elizabeth Warren - 1 Rhode Island Sen - 1 Jack Reed - 1
Top related locs:
WASHINGTON Sherrod Brown of Ohio Rhode Island Jack Reed and New Jersey
Top related orgs:
PayPal - 2 Block - 2 Massachusetts - 1 CNBC - 1 Pew Research Center - 1 Business - 1 Cash - 1 Dick's Sporting Goods - 1

Search resuls for: "Grassadonia"


4 mentions found


☆ Senate Democrats pressure PayPal, Venmo, Cash App over fraud protections
  + stars: | 2023-06-15 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +3 min
WASHINGTON — Senate Democrats on Thursday urged PayPal and Cash App to better protect users of their peer-to-peer payment applications from fraud. The letters were sent to PayPal president and CEO Dan Shulman and Cash App CEO Brian Grassadonia. PayPal, Venmo and Cash App did not immediately respond to a request for comment from CNBC. Cash App transactions also brought in over $203 billion in inflows among 51 million monthly users as of December 2022, according to a Block annual report. The letter is part of an ongoing inquiry into P2P platform consumer safety spearheaded by Warren over the past several years.
Persons: Sen, Sherrod Brown of, Massachusetts Sen, Elizabeth Warren, Rhode Island Sen, Jack Reed, Jack Reed and New Jersey Sen, Bob Menendez, Dan Shulman, Cash, Brian Grassadonia, PayPal's, Warren, Menendez, Reed Organizations: PayPal, Massachusetts, Block, CNBC, Pew Research Center Locations: WASHINGTON, Sherrod Brown of Ohio, Rhode Island, Jack Reed and New Jersey
☆ Hindenburg takes aim at Dorsey's payments firm Block, shares plunge
  + stars: | 2023-03-23 | by ( Manya Saini | ) www.reuters.com   time to read: +5 min
Block shares fell as much as 22% before paring losses and were last down 14% at $62.61 in afternoon trading. After reviewing the full report, Block said it was "designed to deceive and confuse investors". Hindenburg said that Block "obfuscates" how many individuals are on the Cash App platform by reporting misleading "transacting active" metrics filled with fake and duplicate accounts. The app had 51 million monthly transacting actives, a 16% year-over-year increase during December 2022, Block said in fourth-quarter earnings letter. "What I am really concerned about is the Cash App, accusations of fraud, multiple accounts, opening accounts and fake names.
☆ Hindenburg shorts Jack Dorsey's payments firm Block, shares plunge
  + stars: | 2023-03-23 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco BelloMarch 23 (Reuters) - Hindenburg Research on Thursday disclosed short positions in Block Inc (SQ.N) and alleged that the Jack Dorsey-led payments firm overstated its user numbers and understated its customer acquisition costs. Shares of Block slid 20% to $57.85 in premarket trading following the report. Hindenburg added that Block "obfuscates" how many individuals are on the Cash App platform by reporting misleading "transacting active" metrics filled with fake and duplicate accounts. Founded in 2017 by Nathan Anderson, Hindenburg is a forensic financial research firm that analyses equity, credit and derivatives.
☆ Jack Dorsey's Cash App wants to become a super app — and is aggressively integrating buy now, pay later service Afterpay into its ecosystem to get there
  + stars: | 2022-05-18 | by ( Ann Gehan | ) www.businessinsider.com   time to read: +6 min
"Afterpay can help transform Cash App into a super app," Molnar said. Block estimates only around 6% of current Cash App users are also Afterpay users, meaning over 75 million Cash App users are potential new Afterpay customers. Other significant developments include the addition of an Afterpay shopping and browsing feature to Cash App and the integration of Afterpay account management capabilities into Cash App. The Cash App and Afterpay integrations will extend to e-commerce checkout, where Afterpay sellers will now be able to accept Cash App Pay as a form of payment. A slide from Block's 2022 investor day presentation lays out a plan for integrating Cash App, Afterpay, and Square.
Persons: Cash, Brian Grassadonia, Cash App's, Afterpay cofounders, Nick Molnar, Anthony Eisen, Alyssa Henry, Jack Dorsey, Molnar, Afterpay, Block's, Grassadonia, there's, Eisen, Block, PYMNTS, Omar Ismail, Goldman Sachs, David Stark Organizations: Block, Business, Cash, Dick's Sporting Goods, PayPal, Klarna, Walmart
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