Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 19%+ in extended trading
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount. The stock skyrocketed more than 24% in extended trading.
S&P Global says Block will join the S&P 500 on July 23, after announcing Monday that ad tech firm The Trade Desk will also be added; XYZ jumps 9%+ after hours
Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the S&P 500, replacing Hess.
Jack Dorsey invests $10M in “and Other Stuff”, a nonprofit focused on funding open-source projects and tools built on open protocols like Nostr and ActivityPub
Twitter co-founder and Block CEO Jack Dorsey isn't just vibe-coding new social apps, like Bitchat and Sun Day …
Data shows open interest on Polymarket fell 64% from $510.95M on November 5 to $184.16M by November 8, highlighting the platform's reliance on political betting
- Open interest on Polymarket soared to $510.95 million by Nov. 5 and subsequently fell to $184.16 million by Nov. 8, The Block's data shows.
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income
WATCH NOW — Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.
Block Q1: revenue up 19% YoY to $5.96B, vs. $5.82B est., gross profit up 22% to $2.09B, Square profit up 19%, Cash App profit up 25%
Block Inc logo is seen displayed in this illustration taken, April 10, 2023. — Block reported first-quarter earnings after the bell that exceeded analysts' estimates.
Block reports Q2 revenue up 26% YoY to $5.53B, Square gross profit up 18% YoY to $888M, Cash App gross profit up 37% YoY to $968M; SQ drops 5%+
Almost Half of It From Bitcoin Tom Mitchelhill / Cointelegraph : Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble Mastodon: Dare Obasanjo / @carnage4life@mas.to : Square's rename t...
Sources: Alameda secretly loaned $43M to LLCs tied to The Block CEO Michael McCaffrey, used in part to buy and run the crypto news site; McCaffrey resigns
The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …
Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned
The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …
Egypt-based Telda, a money management and payments app, raised a $20M seed led by Sequoia and Global Founders, with Block and others participating
Tage Kene-Okafor / TechCrunch :