It was probably one of those moments where you remember where you were when you heard it. Block announced Thursday (Feb. 26) that it will cut roughly 4,000 jobs, or close to 40% of its workforce, as part of a broad restructuring that CEO Jack...
Block’s massive staff cuts dominated the news surrounding its fourth quarter earnings release and conference call Thursday (Feb. 26). As the company culls its workforce from more than 10,000 employees to just under 6,000, Block also used the call to point to accelerating growth in...
Block, owner of Square and Cash App, is preparing to join the S&P 500. That’s per a Friday (July 18) report by Bloomberg News, which positions the news as a milestone for Block and a sign of the growing mainstreaming of digital payments and cryptocurrency...
Jack Dorsey, Twitter’s co-founder and the chief executive of Block, on Monday (July 7) introduced Bitchat, an experimental messaging service that lets smartphones trade encrypted texts over Bluetooth rather than the internet. The app, now in beta on Apple’s TestFlight, links nearby phones into a...
February 26, 2026
Block’s massive staff cuts dominated the news surrounding its fourth quarter earnings release and conference call Thursday (Feb. 26). As the company culls its workforce from more than 10,000 employees to just under 6,000, Block also used the call to point to accelerating growth in its banking ecosystem, in terms of active users, transactions and […]
November 14, 2024
The payment and commerce platforms PayPal, Shopify and Block have long been developing ecosystems for merchants. For the small to mid-sized businesses, signing on to some services (such as payments...
February 22, 2024
Block’s latest earnings show more users opting to use Cash App Cards, an on-ramp to other financial services and products. As noted in the company’s shareholder letter, 2 million actives (3%...
December 21, 2021
The argument started when Elon Musk tweeted out a vague comment about something crypto-related: Web3 in this case. Web3 is a somewhat hazy concept that puts a decentralized blockchain-based infrastructure...
July 20, 2025
Block, owner of Square and Cash App, is preparing to join the S&P 500. That’s per a Friday (July 18) report by Bloomberg News, which positions the news as a milestone for Block and a sign of the growing mainstreaming of digital payments and cryptocurrency in the finance world. Block will replace Hess on the […]
July 07, 2025
Jack Dorsey, Twitter’s co-founder and the chief executive of Block, on Monday (July 7) introduced Bitchat, an experimental messaging service that lets smartphones trade encrypted texts over Bluetooth rather than...
May 01, 2025
For a company long hailed as a tech disruptor in financial services, Block’s Q1 2025 results present a paradox. One of slowing growth amid a flurry of innovation. The question...
March 26, 2025
Financial services company Block has reportedly laid off 8% of its workforce. The job cuts impact 931 people, TechCrunch reported, citing a Tuesday (March 25) email from Block Co-founder and CEO Jack Dorsey....