(Reuters) – Block Inc, the payments company led by Jack Dorsey, on Thursday reported a loss for the first quarter as demand for bitcoin softened due to a decline in cryptocurrency prices.
Net loss attributable to common stockholders came in at $204.2 million, or 38 cents per share, in the quarter ended March 31, compared with profit of $39 million, or 8 cents per share, a year earlier.
(Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Aditya Soni)
