Block's Strategic Growth and Market Positioning Earns Buy Rating from AnalystWe hosted a small group dinner in Block management, including both Investor Relations. Key topics of discussion included Cash App initiatives around supporting network density/MAU growth, Square distribution efforts (paybacks, sales teams, etc.), self-onboard vs. non-self-onboard contributions, and more. We continue to believe Block (XYZ) is well positioned for share gains for Square (ramping distribution efforts across sales teams & partnerships, product improvements), accelerating trends within Cash App (alongside the potential for upside to estimates driven by Cash Card post purchase BNPL), operating expense discipline (while leaving room to lean in on sales & marketing investments), alongside an upcoming investor day November 19th to highlight recent product and distribution/marketing progress and returns across both ecosystems.