2026-02-27
This is the first AI cut. And it will send shockwaves. Remember: Jack is one of the greatest founders of all time. He created this platform that we're all on, and has been early to many technological shifts. And Block was doing very well as a business. So, for him to cut 40% of
Reuters
Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B
Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …
There are counterarguments worth engaging. One point (also by @MarceloLima) is that Block was overstaffed, like Twitter before the acquisition. Possibly true. But it's also true that the new tools mean many orgs think they can do more with less. Some will run the experiment.
CNBC
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
@MarceloLima This point by @FinnMurphy12 also has truth to it: even the possibility of mass layoffs due to AI may break what remains of the American social contract, which was already hanging by a thread. Recall that the US left hates tech for being white male capitalists. And much of the
CNBC
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
There are counterarguments worth engaging. One point (also by @MarceloLima) is that Block was overstaffed, like Twitter before the acquisition. Possibly true. But it's also true that the new tools mean many orgs think they can do more with less. Some will run the experiment.
Reuters
Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B
Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …
@MarceloLima I flip back and forth on this. On the one hand, the short-term disruption is often overhyped. And the post 2022 tech hiring slowdown was due to rate hikes, not AI. On the other hand, truly end-to-end driverless cars actually are here and outcompeting human-driven cars.
Reuters
Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B
Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …
This is the first AI cut. And it will send shockwaves. Remember: Jack is one of the greatest founders of all time. He created this platform that we're all on, and has been early to many technological shifts. And Block was doing very well as a business. So, for him to cut 40% of
CNBC
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
@MarceloLima I flip back and forth on this. On the one hand, the short-term disruption is often overhyped. And the post 2022 tech hiring slowdown was due to rate hikes, not AI. On the other hand, truly end-to-end driverless cars actually are here and outcompeting human-driven cars.
CNBC
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
@MarceloLima This point by @FinnMurphy12 also has truth to it: even the possibility of mass layoffs due to AI may break what remains of the American social contract, which was already hanging by a thread. Recall that the US left hates tech for being white male capitalists. And much of the
Reuters
Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B
Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …
2026-02-11
By the way, it's obvious that the 2026 billionaire wealth seizure will be followed by a millionaire wealth seizure. Why? Because the same California Democrats who are trying to expropriate 200 “billionaires” proposed a wealth tax on 30,000 millionaires back in 2020. That [image]
Wall Street Journal
Sources: Mark Zuckerberg plans to buy a Miami mansion, likely for up to $200M, joining other tech billionaires in Florida as California proposes a 5% wealth tax
Zuck out Page out Brin out Thiel out Elon out The most successful tech founders of all time have now exited the failed state of California. You shouldn't move there for tech. And if you are there, you should leave. The future is the decentralized Internet.
Wall Street Journal
Sources: Mark Zuckerberg plans to buy a Miami mansion, likely for up to $200M, joining other tech billionaires in Florida as California proposes a 5% wealth tax
2026-02-10
By the way, it's obvious that the 2026 billionaire wealth seizure will be followed by a millionaire wealth seizure. Why? Because the same California Democrats who are trying to expropriate 200 “billionaires” proposed a wealth tax on 30,000 millionaires back in 2020. That [image]
Wall Street Journal
Sources: Mark Zuckerberg plans to buy a Miami mansion, likely for up to $200M, joining other tech billionaires in Florida as California proposes a 5% wealth tax
Local real-estate agents say the newly completed mansion on Miami's Indian Creek will likely fetch between $150 million and $200 million
Zuck out Page out Brin out Thiel out Elon out The most successful tech founders of all time have now exited the failed state of California. You shouldn't move there for tech. And if you are there, you should leave. The future is the decentralized Internet.
Wall Street Journal
Sources: Mark Zuckerberg plans to buy a Miami mansion, likely for up to $200M, joining other tech billionaires in Florida as California proposes a 5% wealth tax
Local real-estate agents say the newly completed mansion on Miami's Indian Creek will likely fetch between $150 million and $200 million
2026-02-06
I have never been more bullish on crypto. Because the rules-based order is collapsing and the code-based order is rising. So the short term price doesn't matter. As international law breaks down, we will need not just onchain currencies, but onchain companies. As the post-war
Bloomberg
Bitcoin briefly dropped to as low as $60K on February 5, its lowest level since November 2024 and down ~50% from its October 2025 peak, as global markets fall
from Epstein to quantum to AI to the death of crypto twitter — clobbering the coins [image]@luke_metro:how low does crypto have to drop before I never have to hear about Fairshake ...
I have never been more bullish on crypto. Because the rules-based order is collapsing and the code-based order is rising. So the short term price doesn't matter. As international law breaks down, we will need not just onchain currencies, but onchain companies. As the post-war
Wall Street Journal
Strategy reports Q4 net loss up 1,749% YoY to $12.4B, as BTC trades below the company's $76,052 average purchase price; MSTR is down ~60% over the past year
Shares of the bitcoin-stockpiling company have fallen sharply since crypto prices touched all-time highs in October
I have never been more bullish on crypto. Because the rules-based order is collapsing and the code-based order is rising. So the short term price doesn't matter. As international law breaks down, we will need not just onchain currencies, but onchain companies. As the post-war
Bloomberg
Why this is the worst crypto winter ever: AI crowds out BTC for mindshare and power grid access, crypto is mainstream, gold beats BTC as a safe haven, and more
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us …
2026-02-05
I have never been more bullish on crypto. Because the rules-based order is collapsing and the code-based order is rising. So the short term price doesn't matter. As international law breaks down, we will need not just onchain currencies, but onchain companies. As the post-war
Bloomberg
Bitcoin falls to ~$66K, its lowest level since President Trump's election win in November 2024 and down 44%+ from its October 2025 peak as global markets fall
Bitcoin slumped below $70,000, a level last seen 15 months ago, as a broad risk-off sentiment engulfed global markets.
2026-01-24
As a Farcaster investor, can confirm: money is coming back to investors. Dan and the team built something genuinely amazing, perhaps the best decentralized social protocol. He's independently wealthy from Coinbase, and could have done whatever he wanted, but he decided to spend many years grinding on Internet freedom and decentralization. For that I salute him.
Bloomberg
R&D firm Merkle, which sold Farcaster, says it plans to repay VCs the $180M they invested in the social media project, and says Farcaster is not shutting down
2026-01-23
As a Farcaster investor, can confirm: money is coming back to investors. Dan and the team built something genuinely amazing, perhaps the best decentralized social protocol. He's independently wealthy from Coinbase, and could have done whatever he wanted, but he decided to spend
Bloomberg
R&D firm Merkle, which sold Farcaster, says it plans to repay VCs the $180M they invested in the social media project, and says Farcaster is not shutting down
The software firm behind a crypto-oriented social-media platform plans to repay venture capitalists the $180 million …
2025-10-24
@adamscochran No. Democrats are the criminals. Biden literally sent billions to Iran. While abolishing the police domestically. And launching show trials against CEOs. That entire regime was a corrupt joke.
Wall Street Journal
President Trump pardons convicted Binance founder Changpeng Zhao, following months of efforts by Zhao to boost the Trump family's World Liberty Financial
reporting no longer grounded in truth. The facts are clear and stated as follows: 👇 @acyn : Collins: Can you explain why you chose to pardon the founder of Binance and did it have ...
CZ deserves his pardon. His show trial of a prosecution was a combination of regulatory railroading and ethnic persecution for being Chinese-Canadian. Imagine if Macron was held personally responsible for every crime committed by the 67M citizens of France, and you'll get the
Wall Street Journal
President Trump pardons convicted Binance founder Changpeng Zhao, following months of efforts by Zhao to boost the Trump family's World Liberty Financial
reporting no longer grounded in truth. The facts are clear and stated as follows: 👇 @acyn : Collins: Can you explain why you chose to pardon the founder of Binance and did it have ...