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@ btconboard #LNHANCE or #CTV
2025-06-01 05:16:11
Amidst the “seedless is safer” debacle a point lost on that model is that Block in the last two years they’ve laid off ~2k people, the stock has been flat for almost 8 years, they have a trailing twelve month return on assets below 2%, and thus could present an shareholder activist or acquisition target.
Block getting taken out Elon style is a very real possibility people should consider. To be clear they’re profitable so they won’t disappear, but it’s a reasonable concern that someone else owns or controls it in the next several years, especially if Bitcoin takes off and legacy players feel the need to catch up.
GN!