Block, Inc. shares fall 4.38% intraday amid Gray Media's acquisition of Block Communications TV stations. Ainvest Friday, Aug 1, 2025 1:32 pm ET 1min read Block, Inc. declined 4.38% in intraday trading, with the recent news of Gray Media acquiring Block Communications TV stations for $80 million. This acquisition is expected to strengthen Gray Media's presence in the Midwest, which could potentially impact Block, Inc.'s stock performance negatively. Ask Aime: Will Block Inc.'s stock tumble after Gray Media buys TV stations? Aime Insights What are the implications of Western Union and MoneyGram adopting XRP for their services on the cryptocurrency's price? How might the Canary Capital CEO's predictions of a crypto takeover shape the future of ETFs and stablecoins? How do the emerging XRP alternatives HBAR, XLM, and RTX potentially affect the XRP ecosystem and its price? What is the impact of Ripple's CEO selling $200M worth of XRP on the cryptocurrency's price and future outlook?

Block, Inc. shares fall 4.38% intraday amid Gray Media's acquisition of Block Communications TV stations

Block, Inc. shares declined 4.38% intraday following Gray Media's $80 million acquisition of Block Communications TV stations, which is expected to strengthen Gray Media's presence in the Midwest and potentially impact Block, Inc.'s stock performance. The article also includes questions about the implications of XRP adoption by Western Union and MoneyGram, Ripple's CEO selling XRP, and the impact of emerging XRP alternatives.