Block nets $1.18B Q4 gross profit marking a 47% YoY increase By Cointelegraph

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Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth of 47% over the same period in 2020.

The firm, led by maxi Jack Dorsey, has multiple business arms including Cash App, Square and the freshly acquired buy now pay later (BNPL) firm Afterpay after the $29 billion deal officially closed at the end of last month.