$FI contagion hits $XYZ. Which I don’t think is fair. Will probably see good buy opps here. Fiser...
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The author suggests that the recent 5.84% drop in Block Inc (NYSE: XYZ) to $75.50 is an unfair "contagion" from Fiserv (FI) issues, which are attributed to organizational problems and a new CEO lacking payments experience. This presents a potential "buy and hold" opportunity for XYZ and the broader fintech sector on weakness.
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By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.