Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by Twitter founder Jack Dorsey,

Block reports strong earnings, cuts workforce, and shifts to AI model as analysts say Square stands to benefit most.

Mobile payments leader Square (NYSE: SQ), recently rebranded to Block, has made quite a few changes over the last year. Only some of them were related to the name. In fact, a lot of Block isn't what it once was. Modifications to the C-suite have also taken ...

Sometimes, it’s fun to think about the good old days. Remember when Block (NYSE:SQ) was known as Square, not too long ago? SQ stock holders could simply view the company as an app-based credit-card reader business. Source: Sergei Elagin / Shutterstock ...

Square has the highest gross margin across Block’s reported segments. The fact that outbound sales will play a greater role in Square’s seller acquisition efforts is an implicit admission that growth in inbound queries is subduing, due to intensifying ...

Block's Square and Cash App ecosystems have fueled impressive gross profit growth. The company has leaned into high-growth opportunities, like cryptocurrencies and buy now, pay later lending. Block's sharp decline stems from a market bubble gone bust.