![]() In its previous earnings report, the payments firm had also said it was "meaningfully slowing" the pace of hiring this year to control costs. It’s a no-fuss card that is incredibly easy to use and lets you redeem your cash-back as a statement credit each and every month. Meanwhile, the company's revenue growth has tempered over the past few quarters as inflationary pressures forced consumers to defer big-ticket purchases. The American Express Cash Magnet® card is a great credit card option for those who value earning cash-back on every purchase that they make. "Eventually, bears suspect a meaningful amount of gross profit might come under pressure if regulators crack down on Cash App, and also think this makes it hard to accept that Cash App can be a legitimate, trusted bank in the long-term," they added.īlock has touted Cash App as an alternative to traditional banking services. Morgan Stanley analysts in April said that some bearish investors remain uncertain about the amount of gross profit that is generated by "potential illicit activity" on the Cash App platform. Our Cash Magnet App provides the best platform to play different games of your choice and get cash rewards for playing games. short-seller Hindenburg Research's allegations including inflated user count. You’ll earn a minimum flat rate of 1.5 cash back on all purchases with the Unlimited Cash Rewards card, which is about average for a cash back card and on par with popular cards like the Capital One Quicksilver Cash Rewards Credit Card and the American Express Cash Magnet® Card. May 3 (Reuters) - Jack Dorsey-led Block Inc's (SQ.N) first-quarter results will likely see investors zoom in on the payments firm's Cash App business following U.S.
0 Comments
Leave a Reply. |