Investor Alert: Faruqi & Faruqi, LLP Probes Potential Securities Violations in Block's (NYSE:BLK) Business Practices

Investor Deadline Approaching: Faruqi & Faruqi LLP Investigates Claims on Behalf of Investors of Bloc

New York, NY – March 25, 2023 – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating claims against Bloc, Inc. ("Bloc" or the "Company") (NASDAQ: BLCT) on behalf of its investors.

On March 22, 2023, Bloc's stock price plummeted over 40% after the Company announced a significant decline in its revenue and a widening net loss. The Company attributed the decline to increased competition and a shift in consumer behavior.

Faruqi & Faruqi's investigation focuses on whether Bloc's management and board of directors failed to disclose material information to the market, causing shareholders to suffer significant losses as a result.

If you have invested in Bloc and would like to learn more about the investigation or have any questions concerning this matter, please contact Faruqi & Faruqi's co-chairs, Richard Gonnello or Jim Wilson, at (877) 247-4292 or (212) 983-9331, or via email at rgonnello@farquifi.com or jwilsom@farquifi.com.

Deadline Alert: The deadline to file a motion for expedited discovery is April 24, 2023. A lead plaintiff is typically appointed by the end of this period. Thereafter, the lead plaintiff can direct the direction and scope of the litigation on behalf of the class, which may include determining whether to accept a settlement or to continue "run of the trial." As of the date of this press release, no class has been certified in the above referenced litigation. If you wish to serve as a lead plaintiff, you must file a motion with the court by April 24, 2023. You can reach Faruqi & Faruqi at (877) 247-4292 or (212) 983-9331, or via email at rgonnello@farquifi.com or jwilsom@farquifi.com.