Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., a $309M net loss, and raises its 2026 gross profit forecast to $12.3B, above $12.1B est.
Block Inc. offered a sunnier outlook for profits and growth on Thursday after orchestrating a severe round of job cuts related to artificial intelligence …
Sources: Block is notifying hundreds of staff their jobs may be eliminated during annual performance reviews; up to 10% of its workforce is at risk of being cut
Jack Dorsey's Block Inc. has been notifying hundreds of employees that their jobs may be eliminated during annual performance reviews …
Sources: Block is notifying hundreds of staff their jobs may be eliminated during annual performance reviews; up to 10% of the workforce is at risk of being cut
Jack Dorsey's Block Inc. has been notifying hundreds of employees that their jobs may be eliminated during annual performance reviews …
Block reports Q3 revenue up 24% YoY to $5.62B, vs. $5.4B est., profit up 21% YoY to $1.9B, Square profit up 15% YoY, and Cash App profit up 27% YoY; SQ up 10%+
‘Really what we expect to see next year is meaningful margin expansion,’ CFO says — Block Inc. reported better …
A US judge dismissed a shareholder lawsuit against Block over its 2021 Tidal acquisition, saying the company was “free to make a terrible business decision”
A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition …
Block drops 10%+ after Hindenburg Research discloses a short position and alleges the company overstated user numbers and understated customer acquisition costs
Hindenburg report TechCircle : Hindenburg accuses Jack Dorsey's Block of fraud, manipulating user numbers Sergio Goschenko / Bitcoin News : Hindenburg Research Blasts Jack Dorsey's Block, Alleges It F...
Block Q1: revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B; stock is down 5%+
Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday …