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Square Investor Relations – Contact Info & Investor Resources

Square Investor Relations – Contact Info & Investor Resources

Square Investor RelationsSquare Investor Relations Group manages the information flow between the firm, the financial community, shareholders, and other stakeholders. The Investor Relations Team must effectively utilize finance, communications, and marketing strategies to inform investors and analysts. The team serves as a major information resource to the investment community. They publish quarterly financial figures, historical performance, substantial technical data, strategic direction, and Square’s Mission narrative.

However, Square, Inc. announced in 2021 that its name will be changed. The name of the company as a corporate entity going forward will be Block Inc. The Square brand has grown synonymous with the company’s Seller business.  They offer an integrated ecosystem of commerce solutions, business software, and financial services to sellers.  The name change allows the Seller business to own the Square brand for which it was developed. In the bigger picture, the name change to Block recognizes the company’s expansion. Since its inception in 2009, the company has added Cash App, TIDAL, and TBD54566975 as subsidiaries.  The name change recognizes the growth and allows for further expansion.

Square Changes its Name to Block

On December 01, 2021, Square Inc announced it is renaming itself Block. The rebranded company will focus on technologies such as blockchain and expands beyond its original credit card-reader business. Square started out as a little hardware device. It was a credit card reader that was physically shaped like a square. Square’s card reader allowed smaller, often ignored merchants to readily accept credit card payments and digitize their operations.

The Cash App side of Square’s business has evolved to be on pace with the Seller ecosystem over time. By changing the name to Block, their Seller ecosystem will now be branded Square. Cash App will continue to be its own ecosystem, occupying more of the consumer side of the business.  This reflects the traditional way that the whole merchant part of the business got started. However, there are two other ecosystems under the Block parent roof now. Tidal, is the music firm that they recently acquired.  Spiral will occupy the Bitcoin ecosystem, as they expand the cryptocurrency side of the business.

Block (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD54566975, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD54566975 is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution. (Source: squareup.com)

Square Investor Relations Becomes Block Investor Relations

The Block Investor Relations online portal lets investors quickly find essential information to assist them.  The company directly connects to its most current news releases, earnings reports, SEC filings, and other useful tools for investors.

How to Buy Block Shares

Block Inc. does not have a direct stock purchase plan for non-employees. According to Squareup.com, “The company’s NYSE ticker symbol “SQ” will not change at this time. Any changes in the future will be publicly disclosed. No action is needed from current stockholders. The Company’s Class A common stock will continue to be listed on NYSE.” As a result, there are two main ways to invest in Block Inc. (NYSE ticker: SQ).

Purchase of Shares with a brokerage account

To purchase SQ shares, you must first open an account with an online brokerage or investment app. Fees and account minimums vary depending on the platform, so do your homework before signing up.  However, in just a few minutes, you can open a brokerage account online. Each brokerage firm has its unique price structure.  So, before opening an account, compare projected charges, such as online trading fees. Some brokers have high minimum investment requirements but offer free analytical tools.  Others have low minimum requirements and offer trades with no fees. Once you select a broker and fund your account you can begin investing your money.

You can buy individual stocks if you want to buy only Block shares. SQ trades on the NYSE Stock Exchange with SQ as the company’s ticker symbol.  In your brokerage account, go under the buy or trade section. Next, input Block’s ticker symbol (SQ), and list how many shares you want to buy. Wealth advisors recommend that you limit your investment in any individual equity to 5% to 10% of your whole portfolio. Then, you won’t lose your entire investment if the value of Blocks’s stock decreases. Wealth managers recommend diversification for long-term wealth preservation and stability.

Invest in mutual funds, index funds, and ETFs that hold Block Inc. Stock

Individual stock purchases might be considered risky. Therefore, there is greater security in diversifying your portfolio.  However, in order to properly diversify, you’d have to investigate and purchase stocks from 30 to 50 different companies.  Obviously, this can be time-consuming and expensive. Investing in mutual funds, index funds, or exchange-traded funds (ETFs) rather than individual stocks is another alternative to explore. With these types of investments, you can invest in hundreds of companies at once.

With a mutual fund, if one firm underperforms, you will not lose your entire investment.  The other companies in the fund will help offset such losses. Block Inc. is included in many funds. For example, below are listed the top mutual funds that hold Block Inc. stock with the number of shares they own (as of September 2022):

  • Vanguard Total Stock Market Index Fund – 15.4 million shares (Source: investor.vanguard.com)
  • Vanguard Extended Market Index Fund – 6.8 million shares (Source: investor.vanguard.com)
  • ARK Innovation ETF – 5.6 million shares
  • American Funds Growth Fund of America – 4.4 million shares
  • Vanguard Small Cap Growth Index Fund – 4.2 million shares (Source: investor.vanguard.com)
  • Morgan Stanley Global Opportunity Fund – 3.4 million shares (Source: money.cnn.com)

Square Investor Relations Salaries

Head of Investor Relations, Block Inc. in the United States – As of August 2022, the average compensation for Head of Investor Relations at firms like Block, Inc. is $360,460.  However, the range frequently falls between $316,900 and $418,190. Salary ranges can vary greatly depending on a variety of things.  For example, schooling, certifications, supplementary talents, and the number of years working in your field. In order to optimize the value of an organization’s stock, the Head of Investor Relations nurtures and enhances relationships.  Notably, between the firm and its shareholders as well as the general financial community. All parts of an organization’s investor relations policies, objectives, and initiatives are planned and directed. (Source: salary.com)

Do Other Companies Have Investor Relations Departments?

In 2002, the Sarbanes-Oxley Act was passed.  It is otherwise known as the Public Company Accounting Reform and Investor Protection Act.  The legislation drastically increases how much publicly traded companies are required to report financial and trading information. In turn, this increases the necessity for public corporations to establish internal divisions dedicated to investor relations.  They proactively promote corporate stewardship and proper corporate governance.  Examples include Home Depot Inc., American Express CompanyWalt Disney Company, and Microsoft Inc.

Frequently Asked Questions

Does Block have a direct stock purchase or sales plan?

Block Inc. does not have a direct stock purchase plan for non-employees.  Also, there is no share buy-back program in place at this time. Small shareholders wishing to liquidate their holdings at a modest expense should consider selling the shares through one of the low-cost internet brokerage services.

What symbol and exchange do Block shares trade under?

When was Block founded and when did the company go public?

Block, Inc. was incorporated in June 2009 in Delaware. The company became publicly traded on November 18, 2015, and began trading on the NYSE on November 19, 2015. Block, Inc. sold shares to the public at a price of $9 per share in its initial public offering. (Source: investors.block.xyz)

Up Next: SoFi Investor Relations – Contact Info & Investor Resources

SoFi Investor RelationsThe SoFi Investor Relations team manages the information flow between the company, the financial community, shareholders, and other stakeholders. The Investor Relations Team must effectively utilize finance, communications, and marketing strategies to inform investors and analysts. The team serves as a major information resource to the investment community. They publish quarterly financial figures, historical performance, substantial technical data, strategic direction, and The SoFi Mission narrative.

SoFi’s mission is to help people achieve financial independence to pursue their dreams. Financial independence does not only mean being wealthy.  It also means having your money work for you and the life you wish to live. SoFi focuses on assisting members in making sound financial decisions while continuously inventing and creating new methods to provide members with the tools they need to make it happen. The company started in 2011 and has since created a comprehensive suite of products.  These tools give the speed, selection, content, and convenience that only an integrated digital platform can.

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