TechBookyBusiness
No Result
View All Result
Wednesday, July 6, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Service

H&R Block Sues Over Square’s New Corporate Name ‘Block’

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
December 16, 2021
in Service
Share on FacebookShare on Twitter

American tax operating company H&R Block has filed a trademark infringement lawsuit over financial company Square’s new name Block. The tax operating company which is operational in Canada, the US and Australia, filed the lawsuit on Thursday.

About two weeks ago, giant payments company Square, owned by founder and former CEO of Twitter announced that it was changing its corporate name from Square to Block. The reason for the name change is quite similar to that of Facebook’s name change to Meta, as Square is expanding its business beyond its original credit card-reader business to focus on technologies such as blockchain which its founder seems to be crazy about. In a statement speaking about the decision, Square’s founder Jack Dorsey said that “We built the Square brand for our Seller business, which is where it belongs. Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy”. The company, however, continue to trade under the ticker name “SQ” on the New York Stock Exchange (NYSE). 

H&R, with the lawsuit, is trying to prevent Block from using its new name and its reason is nothing other than the financial services company “would improperly capitalize on the goodwill and consumer trust cultivated by Block since 1955.” The company also added that Block, formerly known as Square, will be directly competing with its financial services through its latest acquisition of Credit Karma Tax for tax preparation. The company explains that the names would be confusing for customers because they would be offering the same services.

H&R Block President and CEO Jeff Jones said in a statement that “Today’s filing is an important effort to prevent consumer confusion and ensure a competitor cannot leverage the reputation and trust we have built over more than six decades”.

On the other hand, while speaking on his reasons for the name change, Jack Dorsey explained that the new name reflects the company’s ambitions outside its original service of card-reading, adding that the name Block “has many associated meanings for the company — building blocks, neighbourhood blocks and their local businesses, communities coming together at block parties full of music, a blockchain, a section of code, and obstacles to overcome”, the company said in its statement.

Block is yet to respond to requests for comments on the issue.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Square, Founded By Jack Dorsey, Will Be Known As Block Starting Dec 10
    Square, Founded By Jack Dorsey, Will Be Known As Block…
  • Shares Of Block, Formerly Square, Soars 10 Percent After Reporting Its First Quarter Earnings Result
    Shares Of Block, Formerly Square, Soars 10 Percent After…
  • Jack Dorsey And Music Magnate Jay-Z Launch The Bitcoin Academy Aimed At Enhancing Financial Literacy
    Jack Dorsey And Music Magnate Jay-Z Launch The Bitcoin…
  • Jack Dorsey's Square To Launch New Bitcoin-focused Business
    Jack Dorsey's Square To Launch New Bitcoin-focused Business
  • CashApp US Users Can Now Gift Each Other Stock And Bitcoin
    CashApp US Users Can Now Gift Each Other Stock And Bitcoin
  • Square To Buy Australian Buy-now-pay-later Firm Afterpay For $29 billion
    Square To Buy Australian Buy-now-pay-later Firm Afterpay For…
  • Square's Shareholders Consent To $29 Billion Buyout Of Buy Now, Pay Later Firm, Afterpay
    Square's Shareholders Consent To $29 Billion Buyout Of Buy…
  • Jack Dorsey's Retirement From CEO: Everything You Need To Know
    Jack Dorsey's Retirement From CEO: Everything You Need To…
Tags: Blockfinancial servicesH&R Blocklawsuitsquare
Previous Post

Uganda’s Super App Safeboda Receives First Investment From Google’s Africa Investment Fund

Next Post

Jack Dorsey Appoints Three Nigerians And One South African As Board Of His Bitcoin Trust Fund

Next Post
Jack Dorsey Appoints Three Nigerians And One South African As Board Of His Bitcoin Trust Fund

Jack Dorsey Appoints Three Nigerians And One South African As Board Of His Bitcoin Trust Fund

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Nigeria’s AutoChek Makes A New Acquisition In Francophone-focused Classified Ad Marketplace CoinAfrique
  • South African Crypto-focused Company H20 Water Securities Secures $150 Million Funding Via The Sale Of Its H20N Token
  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Nigeria’s AutoChek Makes A New Acquisition In Francophone-focused Classified Ad Marketplace CoinAfrique
  • South African Crypto-focused Company H20 Water Securities Secures $150 Million Funding Via The Sale Of Its H20N Token
  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$20,200.004.11%
  • ethereumEthereum(ETH)$1,142.544.39%
  • tetherTether(USDT)$1.000.07%
  • usd-coinUSD Coin(USDC)$1.00-0.10%
  • binancecoinBNB(BNB)$237.706.26%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • rippleXRP(XRP)$0.3225912.55%
  • cardanoCardano(ADA)$0.4576452.29%
  • SolanaSolana(SOL)$36.198.01%
  • dogecoinDogecoin(DOGE)$0.0676162.66%
  • polkadotPolkadot(DOT)$6.933.68%
  • Shiba InuShiba Inu(SHIB)$0.0000102.89%
  • AvalancheAvalanche(AVAX)$18.359.03%
  • matic-networkPolygon(MATIC)$0.525.53%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....