#BlockInc

1 week ago

Block's 40% Layoff Bet: Dorsey Moves First on AI Efficiency, But Critics Demand Proof Jack Dorsey cuts 4,000 Block jobs citing AI gains. Stock soars 20%. But critics question if the move is genuine transformation or relabelled overhiring.

Block's 40% Layoff Bet: Dorsey Moves First on AI Efficiency, But Critics Demand Proof

#BlockInc #JackDorsey #AI #Fintech #AusNews

thedailyperspective.org/article/2026-03-06-block...

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@nsagheen.bsky.social

1 week ago

Corporate Greed Chronicles: Profits Soar, People Plummet at Block Inc. The landscape of modern fintech has transitioned from a frontier of innovation into a dense, unforgiving corporate jungle where survival is…

"In the pursuit of record-breaking profits, the first thing to be sacrificed is the very human expertise that made those profits possible."

#InformationTechnology #SoftwareDevelopment #CorporateGreed #JobDisplacement #Layoffs #BlockInc

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thedailyperspective.org

@thedailyperspective.org

2 weeks ago

Block axes 4,000 jobs citing AI, and investors cheer Jack Dorsey's Block axes 40% of staff citing AI tools, posting $10.36bn in 2025 gross profit. What it means for Australian merchants and workers.

Block axes 4,000 jobs citing AI, and investors cheer

#BlockInc #TechLayoffs #AIJobs #Afterpay #FutureOfWork #AusNews

thedailyperspective.org/article/2026-03-01-block...

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Grabancijaš

@grabancijas.com

2 weeks ago

Dorsey upozorio da AI okida strukturne promjene, masivni pomor radnih mjesta - Grabancijaš Poduzetnik i vizionar Jack Dorsey najavio je više od 4.000 otkaza u svojoj platformi Block, uz upozorenje da umjetna inteligencija pretpostavlja radikalno remećenje tržišta rada koje više nije u buduć...

#AI #Tech #Vijesti

Entrepreneur #JackDorsey has announced more than 4,000 layoffs at #BlockInc, whilst extending warning that #artificialintelligence presupposes a radical disruption of the labor market that is not happening in the future, but now.

grabancijas.com/dorsey-upozo...

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Zurvan

@zurvanq.bsky.social

2 weeks ago

Block just cut 40%+ of its workforce and the stock jumped 20% after hours.

The company cited AI-driven productivity gains as the reason. Payments processing is an information-dense business. When AI compresses headcount that fast, the market doesn't punish it. It rewards it.

#AI #Layoffs #BlockInc

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Scarlet Sinclair

@scarletsinclair25.bsky.social

3 months ago

CASH APP | MOBILE PAYMENTS, BITCOIN TRADING & CRYPTO WALLET | Coinpedia Company Listing And Funding Cash App is a mobile payment and crypto app owned by Block, Inc., to send money, trade Bitcoin, and make secure transactions.

Send, spend, invest — all in one place!💚

Discover how CashApp by Block Inc. empowers peer-to-peer payments and explores the future of blockchain🚀

Know the founders, ownership & security ⬇️
app.coinpedia.org/company/cash...

#BlockInc #CashAppSafety #CashAppFounder #CashAppBlockchain

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Crypto Economy

@cryptoeconomy.bsky.social

6 months ago

⚡ Flash News ⚡

💸 Dorsey bets on Bitcoin as p2p cash 🔗

“We want Bitcoin to become p2p electronic cash and everyday money, as it was designed to be,” said Jack Dorsey about Block Inc.’s vision.

#JackDorsey #Bitcoin #BlockInc #Crypto #P2P

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Crypto Economy

@cryptoeconomy.bsky.social

7 months ago

⚡ Flash News ⚡

🌐 Bitcoin: the internet’s open protocol 🔧

Block Inc. CFO Amrita Ahuja said on CNBC that Bitcoin can be the open protocol powering the global internet.

#Bitcoin #BlockInc #Technology #Web3 #Innovation

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ChainAffairs

@chainaffairs.bsky.social

7 months ago

Jack Dorsey’s Block Inc. Stock Surges After S&P 500 Inclusion, Marking Another Win for Crypto - Block Inc., the Bitcoin-focused fintech firm led by Jack Dorsey, will officially join the S&P 500 index this Wednesday, replacing

Jack Dorsey’s #BlockInc . Stock Surges After S&P 500 Inclusion, Marking Another Win for #Crypto

chainaffairs.com/jack-dorseys...

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Soledad Haren

@soledadharen.bsky.social

8 months ago

#MAGA, you think #Migrants working on #Farms are stealing your #Jobs? #WRONG. #SiliconValley #TechBros like those at #BlockInc. that owns #Square & #CahApp are #Outsourcing #American #Jobs to #Guatemala. That's where their #CallCenter is.

@Square
#BoycottSquare
#BoycottCashApp

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Soledad Haren

@soledadharen.bsky.social

8 months ago

#Millennials, #GenZ, #Progressives, #Populists: it's time to #ExposeTheOligarchs! Did you know #BlockInc that owns #Square and #CashApp STEALS from #Charities and the #Disabled, while outsourcing #American #Jobs to use #Guatemalan #Sweatshop #Labor?

@square
@cashapp
#BoycottSquare
#BoycottCashApp

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@brendao.bsky.social

10 months ago

Shut down Shiloh Hendrix’s hate-driven fundraiser YouTube video by Hawk's Podcasts / mdg650hawk

#blockinc #square Yeah, we are on to that shit!

youtube.com/shorts/sLsaX...

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alouzon 🍁 🇨🇦 🏳️‍🌈 🇺🇦

@alouzon.bsky.social

10 months ago

Shut down Shiloh Hendrix’s hate-driven fundraiser YouTube video by Hawk's Podcasts / mdg650hawk

#ShilohHendrix is a #Racist who should not be financially rewarded for using the #Nword

Contact the banking systems that should not be processing these funds. #BlockInc #Square

#StopHate #Racism
#GiveSendGo

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TheBrownSkynGyrl

@thebrownskygyrl.bsky.social

10 months ago

#blacksky…a *CALL TO ACTION* we need this to go viral. #shilohhendricks #FAFO #blockinc #backlash

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HER Veracity

@her-veracity.bsky.social

10 months ago

Contact #Stripe & ask: Is it true #GiveSendGo is shifting its payments to Stripe after #BlockInc dropped it because its stock plummeted when the public found out GiveSendGo platformed Shiloh Hendrix’s fundraiser after she was filmed calling a Black child the N-word?

#ShilohHendrix

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KuroAnayu

@kuroanayu.bsky.social

10 months ago

The saga that is underway 🍿🍿🍿🍿

#Racism #ShilohHendrix #KiandriaDemone #WeThePeople #Resist #BlockInc #GiveSendGp

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Profit Trading USA

@profittradingusa.bsky.social

10 months ago

Block Inc. gets a credit rating upgrade from Fitch Investing.com -- Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) for Block, Inc. from ’BB+’ to ’BBB-’ on May 2, 2025. The rating agency also raised the company’s senior unsecured revolver, senior notes, and convertible notes to ’BBB-’ from ’BB+’. Fitch has given a Recovery Rating of ’RR4’ and an outlook of Positive. The upgrade is a result of Block’s significant growth and its recent focus on improving profitability. Despite potential impact from consumer and macroeconomic softening, financial leverage has decreased and cash generation has improved significantly. Fitch anticipates that leverage will stay relatively low at 2.0x or lower over the rating horizon. With a substantial cash balance, Block operates in a net cash position. The revised ratings affect approximately $5.8 billion of debt outstanding as of March 2025, excluding undrawn capacity on the senior unsecured revolver. Block’s ratings reflect its position as a leading player in the FinTech market, with significant growth potential in its U.S. home market and abroad. It has effectively scaled up its two core segments, Square and Cash App, despite being a relatively small company on the broader global FinTech landscape. Block is well positioned to capitalize on growth areas in payments and consumer financial services. It is among the U.S. market leaders in small business point of sale (POS) hardware-software solutions and has been a disruptive force in peer-to-peer payments and crypto trading. Gross profit, a key metric, could be near $10 billion in 2025 compared to $370 million in 2015. EBITDA leverage improved significantly to 1.9x as of March 2025 from 5.0x-6.0x in 2021-2022, driven by robust revenue and earnings growth and a tighter focus on operating expenses. The rapidly growing lending business - Square Loans, Cash App Borrow and buy now, pay later (BNPL) - will influence financing needs and leverage over time. Block’s profitability is a limiting factor for the IDR, as the company invests heavily to grow its Square and Cash App businesses as well as new business areas. Despite this, Block is focused on achieving the ’Rule of 40’ in 2026, a profitability metric used in the software industry. Management implemented some headcount reduction in 2024-2025 to drive margin improvement, with EBITDA that could exceed $4.0 billion in 2026. Block benefits from positive reported FCF generation since 2017, $7.4 billion of cash and short-term investments as of March 2025, and an untapped $775 million revolver. However, the acquired Afterpay business and newer banking services require greater funding than Block’s Square business and will necessitate more funding over time. Block benefits from an industry shift away from cash to electronic forms of payment. According to The Nilson Report, card usage is approaching 80% of U.S. payments volumes by 2028 and will continue to grow as a portion of overall spending. Founder and chairman/CEO Jack Dorsey’s ownership and control position, with roughly 41% of voting power, is a significant rating factor. The company has a successful track record, but the voting control is an important credit consideration for investors. Block’s peers include PayPal (NASDAQ:PYPL) Holdings, Inc. (A-/Stable), Fidelity National Information Services (NASDAQ:III), Inc. (FIS; BBB/Stable), and Global Payments , Inc. (NYSE:GPN; BBB/Stable), all of which operate with higher EBITDA and margins, and a record of strong, growing FCF. Fitch’s assumptions for Block include revenue growth excluding bitcoin in the low- to mid-teens over the next several years, EBITDA margins expanding to the mid-teens, increasing cash taxes, and working capital usage increasing materially in the next few years to finance lending businesses. Factors that could lead to a downgrade include deteriorating fundamentals as measured by revenue, margin and/or FCF trends, EBITDA margins expected to be sustained below 20%, excluding bitcoin, and EBITDA leverage sustained above 3.0x. Factors that could lead to an upgrade include sustained EBITDA margin improvement to mid-20% or higher, excluding bitcoin, and EBITDA leverage projected to remain below 2.3x. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Click Subscribe #BlockInc #CreditRating #Fitch #InvestmentNews #StockMarket

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Evy

@evy-is-here.bsky.social

10 months ago

Well this is disappointing. #blockinc #square #blueskyfundinghate #blockincfundinghate #squarefundinghate

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Liz C

@liz-with-abyss.bsky.social

10 months ago

Help Me Protect My Family Hello!My name is Shiloh and I have been put into a very dire situation. I recently had a kid steal from my 18month old sons diaper bag at a park. I called th...

Hey #blockinc #squareup @bsky.app ! Stop payment to Shiloh Hendrix for spewing hate!

www.givesendgo.com/ShilohHendrix

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DesignTAXI

@designtaxi.com

11 months ago

Jack Dorsey's Block cuts nearly 1,000 jobs, explaining why in internal email Block is cutting 931 jobs—roughly 8% of its workforce—as part of a push to reorganize and sharpen its operations. The layoffs affect a range of roles across the company, including business analysts, e...

Block is slimming down again, with Jack Dorsey leading a second major layoff in just over a year. #Fintech #JobCuts #Layoffs #BlockInc #JackDorsey #TechIndustry #CashApp #Square community.designtaxi.com/topic/10064-...

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Carrie

@saladbar.bsky.social

1 year ago

Check your social security accounts!

CashApp is enabling fraud, and they refuse to take action.

#CashApp #Fraud #BlockInc #IdentityTheft

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ChartLaboratory.com

@chartlaboratory.bsky.social

1 year ago

$SQ
🚀 Current Price: $98.19 (+4.41%)
💥 Key Levels: Support: $88.17, Resistance: $100.34

🔑 Strategy: Enter above $99, Targets: $105 & $110. Stop loss: Below $95.
#BlockInc #StockAnalysis #FinTech #SwingTrade #StocksToWatch
💥 More insights: www.patreon.com/chartlab 🖤 70% OFF Black Friday Sale!

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@onedailypixel.bsky.social

1 year ago

#SQ #BlockInc Block Inc shows a strong technical signal on the 2-month chart. Leading to an outbreak. #Stocks

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Posts tagged #BlockInc