Block [SQ], formerly known as Square, is a California-based financial service and digital payments company. It is capable of serving as a complete ecosystem for smaller companies, helping them run and grow their businesses. It has a range of over 30 products and services and operates across two major segments: Square and Cash App. Fintech is picking up popularity with each passing day and as a result Block’s business too, has got tremendous potential. The pandemic has also given it’s business a major boost. Still, things started going downhill for the company by the end of 2021 as had happened with many other tech stocks during that time. Currently, Block’s shares are down by more than 37% year over year and almost 15% year-to-date.