Block shares sank 20% after short seller Hindenburg Research said the digital payment company formally known as Square has "systematically taken advantage of the demographics it claims to be helping."
The latest investor updates on stocks that are trending on Thursday.
The SEC warned the largest US crypto exchange about a possible enforcement action. Coinbase said SEC "has not been fair or reasonable."
Stocks were higher Thursday afternoon as a post-Fed rally was bolstered by hopes from investors interest rate hikes will end sooner than expected as banking pressures end the central bank's aggressive fight against inflation.
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