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2 Reasons Block Is a Long-Term Buy

2 Reasons Block Is a Long-Term Buy

In late 2021, Square Chief Executive Officer Jack Dorsey announced radical changes to his company's direction, including changing its name to Block (NYSE: SQ). Unfortunately, these changes had terrible timing and many investors were dubious about several of the company's strategies; at the same time, the economy took a turn for the worse. Nervous investors ran for cover, sending the stock down 61% year to date.