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’s share price has tanked after it reached a peak roughly four years ago. Square and Cash App are two key segments for Block that cater to different customer groups. The business is more focused ...

Twitter founder and Block Inc (formerly Square) CEO Jack Dorsey announced late last month that his fintech venture was making “one of the hardest decisions in the history of our company” by “reducing ...

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Quarterly results from Block, Affirm and PayPal show that the major U.S. fintechs are converging as they all try to become the go-to digital bank. Block's stock price plummeted after earnings, but CEO ...

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 ...