Block

In a recent interview, Jack Dorsey disclosed his reasons for leaving Bluesky, the decentralized social media platform he co-founded as an alternative to Twitter, now known as X. What Happened: In a recent interview with journalist Mike Solana on his Pirate Wires site, Dorsey explained that Bluesky...

Federal authorities are investigating the cryptocurrency operations of Block, the company co-founded by Jack Dorsey. What Happened: Allegations suggest that Block’s crypto unit may have been involved in processing transactions linked to sanctioned nations and entities associated with...

Twitter co-founder and Block Inc CEO Jack Dorsey responded to a post by Elon Musk about the recent Israeli airstrike on Iran, advocating for peace and space exploration. What Happened: On Thursday, Dorsey replied to a tweet by Musk, Owner of X, in which the entrepreneur suggested, “We should...

On Tuesday, Cathie Wood-led Ark Invest offloaded a significant amount of Block Inc (NYSE:SQ) shares amidst a downturn in Bitcoin (CRYPTO: BTC) prices. The Block Inc Trade Ark Invest’s decision to sell off Block shares came as a surprise to many, given the company’s strong ties to the...

Major U.S. stock indices ended Thursday in the green with the Dow Jones Industrial Average closing higher by 1.2% at 39,069.11. The S&P 500 rose 2.1% at 5,087.03, while the tech-heavy Nasdaq gained nearly 3% at 16,041.62. These are the top stocks that gained the attention of retail traders and...

On Monday, Cathie Wood-led Ark Invest made significant trades, notably buying shares of Block Inc (NYSE:SQ) and selling Grayscale Bitcoin Trust (OTC:GBTC) units. This move comes amid recent appreciation in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices. The rise in cryptocurrency prices...

In recent news, Block, the parent company of Tidal, Square, and CashApp, is preparing for another wave of job cuts, as confirmed by CEO Jack Dorsey. What Happened: Business Insider reported on Dec. 6, 2023, that Dorsey had shared with staff in a letter that the company would be undertaking “...

In a bid to transform company culture, Block Inc. (NYSE:SQ) CEO Jack Dorsey has announced a new approach to performance management and named a new Chief Technology Officer. The company plans to eliminate annual performance reviews and performance improvement plans (PIPs). What...

The CEOs of Block Inc (NASDAQ:SQ) and MicroStrategy Inc (NASDAQ:MSTR), Jack Dorsey and Michael Saylor respectively, have both expressed a bullish outlook on Bitcoin (CRYPTO: BTC) and have made significant investments in the cryptocurrency through their companies.  What Happened: Block reported...

U.S. stocks saw an uptick as trading closed on Thursday. The Dow Jones Industrial Average rose by 1.7% to 33,839.08, while the NASDAQ Composite Index climbed 1.78% to 13,249.19. The broader S&P 500 Index also gained, rising 1.89% to 4,317.78. These are the top stocks that gained the attention...

Canada's cannabis market is buzzing, and it's not just about the product. It’s about finding new and smart ways to sell it. And this is where Block Inc (NASDAQ: SQ)'s Square, a tech company you might know from the payment systems at your local coffee shop, comes in. Square...

Elon Musk, who acquired Twitter in October 2022, and rebranded it as “X,” has now set his sights on removing the controversial “Tweepcred” system after previously announcing about removing the “Block” feature from the site.  What Happened:...

Elon Musk’s decision to remove the “block” feature from X, formerly known as Twitter, has sparked a heated exchange with “Once Upon A Time In America” famed James Woods.  What Happened: Woods took to X and voiced his concerns about...

Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a modest 2% ownership of the company’s outstanding equity, equivalent to...

Block's subsidiary TBD rolled out a new open-source toolset for its Web5 initiative, aiming to streamline the process for developers to craft decentralized web applications. The suite includes technologies such as decentralized identifiers (DIDs) akin to email IDs or usernames;...