Block, Inc.

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Company Name	Block, Inc.
Stock Symbol	SQ
Class Period	November 04, 2021 to April 04, 2022
Lead Plaintiff Motion Deadline	April 03, 2023

On March 23, 2023, Hindenburg Research published a report (the “Report”) alleging that “Block has systematically taken advantage of the demographics it claims to be helping” and that the Company has demonstrated a “willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics.” The Report also alleges that Block “has wildly overstated its genuine user counts and has understated its customer acquisition costs” and that Block’s approach to compliance “made it easy for bad actors to mass-create accounts for identity fraud and other scams, then extract stolen funds quickly.”

On this news, Block’s share price fell $10.77, or 14.8%, to close at $61.88 per share on March 23, 2023, thereby injuring investors.

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If you suffered a loss on your Block, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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