Block’s Buyback Fuels Retail Trader Interest in Meme Coins

Block, a fintech company, announced a $5 billion share buyback plan, boosting profitability and fueling excitement among retail traders for high-risk meme coins. With ambitious growth targets outlined through 2028, Block aims to achieve the ‘Rule of 40,’ meaning annual revenue growth plus profit margins will consistently exceed 40%. This shift in strategy is attracting attention as it signals a commitment to both profit and expansion.