The three fintechs, which were each launched by tech luminaries in different eras of Silicon Valley history, are increasingly converging as they seek to become virtual all-in-one banks. In their ...
The news out of Block (NYSE: XYZ) on Thursday night sent shockwaves through the tech industry. The Jack Dorsey-run fintech company said it would lay off more than 40% of its employees, citing gains ...
When Block Inc. laid off nearly half its staff last week, co-founder Jack Dorsey offered a seemingly simple explanation: Artificial intelligence was allowing the company to do more with fewer ...
Block's 28% plunge in February leads fintech sell-off, while Stripe shows benefit of staying private
Fintech stocks like Block, PayPal and Coinbase plummeted in February, in part due to troubling economic data and the drop in crypto prices. Block reported disappointing quarterly results, but PayPal ...
After a brutal 26% decline in 2025, Block (NYSE: XYZ) has begun to regain ground in early 2026. Even so, investors appear cautious, waiting for clear signs that a sustained turnaround is in motion. So ...
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Why Block’s 4,000 layoffs are hitting harder
Techies are getting super cynical about the tech industry. Last week, Block, the company originally founded as payments and hardware company Square, by visionary and former Twitter co-founder Jack ...
Software stocks have plunged this year on fears of AI disruption. Block seemed to confirm those fears by announcing mass layoffs as it pivoted AI. Software stocks fell on the news, but it's likely to ...
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