Tagged: block

April 28, 2026 @ 5:55 pm By Omar Faridi  |  

Block Inc.,(NYSE: XYZ), the financial technology firm behind Square and Cash App and closely associated with Jack Dorsey, has unveiled its latest proof-of-reserves disclosure for the first quarter of 2026. This announcement spotlights the company’s substantial Bitcoin position, which stands at a total of 28,355… Read More

April 3, 2026 @ 10:14 am By Tony Zerucha  |  

PayPal Holdings, (NASDAQ: PYPL) has added Alyssa Henry, former CEO of Block’s Square business, to its board of directors. The company also announced that Gail J. McGovern, who has served on the board since 2015, will not stand for re-election at PayPal’s upcoming Annual Meeting of Stockholders… Read More

March 19, 2026 @ 10:10 am By Omar Faridi  |  

Fintech firm Block (NYSE: XYZ) has reportedly begun reinstating a select group of previously dismissed team members following its dramatic staff reductions earlier this year. This modest reversal illustrates how artificial intelligence and automated systems are reshaping employment structures, driving a wave of adaptive changes… Read More

February 27, 2026 @ 8:28 am By Omar Faridi  |  

As part of a recent restructuring move, financial technology firm Block Inc., (NYSE: XYZ) the parent company of Square and Cash App, has announced a significant reduction in its workforce. The company is eliminating approximately 40% of its positions, affecting over 4,000 employees, as it… Read More

February 9, 2026 @ 8:42 pm By Omar Faridi  |  

In a move signaling ongoing efforts to refine its operations, Block Inc. (NYSE: XYZ), the fintech founded by tech billionaire Jack Dorsey, is reportedly preparing to trim its workforce by as much as 10%. This development comes as part of a broader initiative to enhance… Read More

October 13, 2025 @ 7:37 am By Omar Faridi  |  

Jack Dorsey, co-founder of the platform X (formerly known as Twitter) and current CEO of payments firm Block Inc. (NYSE: XYZ), has introduced a new Bitcoin wallet feature within the Square point-of-sale system. This update, announced on October 8, 2025, enables small U.S. businesses to… Read More

August 18, 2025 @ 2:27 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ) unveiled Proto Rig, a modular bitcoin mining system, and Proto Fleet, an open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific’s facility in Dalton, GA, where Proto Rigs “are mining as part of their… Read More

May 28, 2025 @ 9:46 pm By Omar Faridi  |  

Block, Inc. announced it will launch bitcoin payments on Square, marking a significant milestone in making bitcoin more “accessible and usable.” Bitcoin payments on Square will be showcased at Bitcoin 2025 in Las Vegas from May 27-29, where attendees can “experience this new feature firsthand… Read More

May 3, 2025 @ 8:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ), the fintech behind Square, Cash App, and Afterpay, released its first-quarter 2025 financial results on May 1, 2025, revealing a mixed performance shaped by macroeconomic challenges. While Block achieved notable profitability milestones, weaker-than-expected revenue and cautious guidance sparked investor concerns, leading… Read More

March 27, 2025 @ 6:28 am By Omar Faridi  |  

Block (NYSE: XYZ), the fintech co-founded by Jack Dorsey, announced a significant workforce reduction, laying off 931 employees—approximately 8% of its total staff. Known for its subsidiaries Square, Cash App, and TIDAL, Block framed the layoffs as a strategic move to enhance organizational efficiency rather than… Read More

March 25, 2025 @ 4:39 pm By Omar Faridi  |  

Eligible Cash App customers will begin to have access to Afterpay’s pay over time products when shopping online at partner merchant sites. In recognition of this change, Cash App and Afterpay, part of Block, Inc. (NYSE: XYZ), have debuted an evolved brand, Cash App Afterpay,… Read More

March 18, 2025 @ 2:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. SFS is an independently governed subsidiary of Block, Inc., headquartered in Salt… Read More

March 5, 2025 @ 3:09 pm By Omar Faridi  |  

February 2025 marked a difficult month for fintech companies (even though tech stocks in general have been seeing downward price pressure as well), with Block (NASDAQ:SQ) – once a major player in the sector—leading the charge downward, plummeting 28% in its steepest decline since 2023…. Read More

May 2, 2024 @ 4:13 pm By JD Alois  |  

Block (NASDAQ:SQ), founded by Twitter (X) creator Jack Dorsey, is being scrutinized by federal prosecutors for allegedly facilitating illicit transactions. The report was first covered by NBC.com. Blcok operates the popular e-commerce platform Square as well as the P2P transfers platform CashApp. According to the… Read More

January 30, 2024 @ 4:10 pm By JD Alois  |  

PayPal (NASDAQ:PYPL), a top payments Fintech that also includes Venmo, is letting go around 9% of its workforce or approximately 2500 individuals according to multiple reports. CNBC said that PayPal CEO Alex Criss distributed an internal memo indicating the exits will take place throughout the… Read More

October 11, 2023 @ 9:04 am By JD Alois  |  

Piper Sandler (NYSE: PIPR) has posted its 46th semi-annual survey of Teens across the United States. The survey can help glean emerging trends that can impact future economic activity and rising brands. Of course, Teens can be fickle, but today’s Teens are tomorrow’s adults. When… Read More

October 5, 2023 @ 12:00 pm By JD Alois  |  

Block (NYSE:SQ), the parent company of Square, may be slashing its employee headcount, according to Job Community Blind. In recent days, a posting was made inquiring about layoffs as a Block recruiter was apparently let go – leaving an aspiring hire in the lurch. Other… Read More

September 21, 2023 @ 8:26 am By JD Alois  |  

Block (NASDAQ:SQ) founder Jack Dorsey will step in as CEO of Square following the announcement that Alyssa Henry will exit the subsidiary of Block. The change in leadership was revealed in an 8-K filed with the Securities and Exchange Commission. The company stated: “Alyssa Henry,… Read More

June 1, 2023 @ 1:07 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued a statement that “billions” of dollars held on payment Apps may not possess federal insurance. The CFPB said these funds may not be safe during times of “financial stress,” alluding to the recent banking crisis. Rohit Chopra,… Read More

April 5, 2023 @ 9:47 am By JD Alois  |  

Investment bank Piper Sandler (NYSE: PIPR) has posted its 45th semi-annual report on Teen preferences, which can help glean which products and services are rising and which are on the wane. At the same time, teens can be fickle, as parents will explain. The Taking… Read More