Block Inc's bitcoin revenue stalled in the third quarter, revenue missed expectations, and shares fell 12%.
Block Inc (SQ) shares plunged in early after-hours trading as its third-quarter bitcoin revenue was flat compared to a year earlier and total revenue missed Wall Street expectations.
According to Google Finance, 10 minutes after the market closed on November 7, Block's share price fell 12.3% to a low of $66, and by the end of the day, the stock had fallen 3.05% to $75.27.