Block's stock surged 19% after strong Q4 results and raised guidance, despite cutting 4,000 jobs (40% of its workforce). The company attributes these layoffs to AI tools, aiming for a leaner, ...

Block said it expects annual gross profit growth through 2028 to be in the mid-teens, with adjusted operating income climbing about 30% annually. The company also expanded its share repurchase program ...

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, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.

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.