Block offers a suite of financial products that appeal to businesses and individuals. The company's original product, the Square point-of-sale system, enables businesses to process payments and manage ...

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, ...

After announcing its bitcoin inheritance product in November, Block's Bitkey is rolling out the offering on Wednesday. "A lot of people have significant amounts of bitcoin at this point, or ...

In an internal memo to employees, Dorsey said he plans to restructure Block by removing business silos and disbanding the company's business unit reporting structure, according to Fortune. The move ...

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 ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...