Cash App is a mobile payment service that allows users to send and receive money, pay for goods and services, and invest in stocks.
Cash App is a mobile payment service that allows users to send and receive money, pay for goods and services, and invest in stocks. It is owned by Block, Inc., a financial technology company founded by Jack Dorsey, the co-founder of Twitter. Cash App is one of the most popular mobile payment services in the United States, with over 70 million active users.
No, CNN did not report that Cash App went bankrupt. This claim was fabricated and spread on social media in September 2023. CNN spokesperson Emily Kuhn confirmed that the network published no such news article. The person who originally posted the claim on Facebook has also admitted that it was made up.
In September 2023, Cash App experienced a temporary outage that prevented customers from accessing their accounts. This outage led to some social media users spreading the false claim that Cash App had gone bankrupt. However, Cash App quickly restored service and confirmed no truth to the bankruptcy claim.
It is important to be critical of information you see on social media, especially if it seems too good to be true or comes from a source you do not trust. If you are unsure about the veracity of a claim, you can always check with a reputable news source to see if it has been verified.