Carson Block, the founder of Muddy Waters Research, unveiled his short bet against SoFi last month, and has compared the ...

Financial tech firm Block’s stock surged as much as 20% in Friday trading after its billionaire CEO Jack Dorsey revealed plans for sweeping layoffs and a full embrace of AI tools. Dorsey, best known ...

When fintech company Block laid off 40% off its workforce last week, CEO Jack Dorsey explained the decision in a memo to employees that he also shared on social media. He was eliminating more than ...

Block's stock fell after weak third-quarter earnings fell short of Wall Street expectations. The firm showed slowing gross profit growth for Square, despite higher gross profit volume. Block shares ...

Block shares were on track for their second-worst day, plunging more than 20% after a brutal quarterly report and a wave of analyst downgrades. Analysts flagged fresh concerns around stagnant Cash App ...

Software stocks have plunged this year on fears of AI disruption. Block seemed to confirm those fears by announcing mass layoffs as it pivoted AI. Software stocks fell on the news, but it's likely to ...

On November 19, Block Inc. held its first Investor Day in three years. Jack Dorsey, the company’s cofounder, chief executive, and “Block Head,” took to the stage and summarily posed what many ...

Block has laid off 931 workers, which make up around eight percent of its entire staff, according to TechCrunch and The Guardian. The publications have viewed an email, wherein the financial ...

Twitter founder and Block Inc (formerly Square) CEO Jack Dorsey announced late last month that his fintech venture was making “one of the hardest decisions in the history of our company” by “reducing ...

You may have heard about the massive job cuts by Block, the company behind multiple financial services, including the Stripe payment system that is popular with many retail outlets. They cut 4,000 ...

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.