Block Inc’s Cash App Records Bitcoin Impairment in Q4 2022

Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash App declined by 25% to $35 million in Q4 2022. According to the report, the total Bitcoin sold, which the company refers to as Bitcoin revenue, was … Read more

Apple Inc’s Hardware Subscription Service Facing Setbacks Forcing Delays

The plan by Apple to launch the series of subscription services for its hardware product is the company’s own way to get a competitive advantage over other rivals in the space. American multinational technology giant Apple Inc (NASDAQ: AAPL) is recording a significant slowdown in its plans to launch a number of hardware subscription services. … Read more