Block employees describe a deteriorating culture, as morale plunges amid rolling layoffs and Jack Dorsey pushes generative AI tools to maximize productivity
Workers describe a deteriorating culture at Block, the company behind Square and Cash App, where layoffs continue and employees are expected to use AI tools daily.
Workers describe a deteriorating culture at Jack Dorsey's Block as morale plunges amid rolling layoffs and a push to use AI tools to improve productivity
Workers describe a deteriorating culture at Block, the company behind Square and Cash App, where layoffs continue and employees are expected to use AI tools daily.
Q&A with Gokul Rajaram, investor and a former product leader at Google, Meta, and others, on AI changing product development, building ad businesses, and more
Gokul Rajaram joins Patrick to discuss the seismic shift in product building driven by AI. As a legendary operator (Google, Facebook, Square, DoorDash) and p...
PayPal says it filed US applications to establish PayPal Bank, to offer savings accounts and cut its reliance on third parties when loaning to small businesses
Buy now, pay later firms and crypto companies are making moves left, right, and center to become banks, and PayPal wants to join the party. … Scott T Henderson : PayPal looking to become the latest Ut...
Q&A with Square Head of Product Willem Avé on Block's restructuring in 2024, AI automation, investing in crypto, Lightning, working for Jack Dorsey, and more
Nilay Patel / The Verge :
Block plans to roll out bitcoin payments on Square in H2 2025; the system runs on the Lightning Network and lets merchants accept bitcoin via Square's hardware
LAS VEGAS — Jack Dorsey's latest bitcoin vision is hitting the checkout counter — starting with a merch truck parked just off the casino floor inside The Venetian.
Chainalysis buys AI-agent security startup Alterya, sources say for ~$150M; Alterya is still in stealth mode but has clients including Coinbase, Square, Binance
Leena Rao / Business Insider :
Block reports Q2 revenue up 11% YoY to $6.16B, vs. $6.28B est., Square profit up 15% to $923M, Cash App profit up 23% to $1.3B, and raises its FY 2024 guidance
MacKenzie Sigalos / CNBC :
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.
Sources: US federal prosecutors are digging into internal practices at Block, discussing with an ex-employee alleged widespread and yearslong compliance lapses
Internal documents indicate Block processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions.