Over the Black Friday and Cyber Monday weekend, sellers using Block’s (SQ) ecosystem of commerce tools broke records with 144 million Block consumer transactions globally, a 17% increase from last year, the company said. “With over 1 in 3 shoppers more stressed about holiday shopping this year compared to last, customers all around the world turned out in droves for the mega discounting weekend to save on gifts, shopping both online and in-store and driving increased sales on these channels by 21% and 17%, respectively.” Square, Afterpay, and Cash App Card analyzed millions of transactions across all seller industries globally in 2024 from November 29, 11:00 UTC to December 2, 23:59 UTC. Block Consumer Spend Transactions is a metric Block’s Marketing Team uses to measure consumer spending across different businesses during busy periods such as Black Friday-Cyber Monday.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SQ:
- Block price target raised to $102 from $87 at Goldman Sachs
- Bernstein ups Block target, names new best idea for 2025
- Macy’s uncovers employee fraud, Summit to be acquired: Morning Buzz
- Block, Five Below downgraded: Wall Street’s top analyst calls
- CFPB expands oversight to PayPal and Block, says New Street
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
