Former Twitter co-founder Jack Dorsey's new company Block — the parent of merchants payment system Square, mobile peer-to-peer payments Cash App, music streamer Tidal, and open source AI agentic system Goose — is sending shockwaves across the business world tonight after announcing a more than 40% headcount, cutting its workforce by more than 4,000 people out of a prior total of 10,000, despite its latest quarterly earnings statement released today showing $2.87 billion in gross profit up 24% year-over-year. The culprit? Newfound AI efficiencies. As Dorsey put it in a note shared on his own former social network, X: "we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more cus [...]
Block today announced Managerbot, a new AI agent embedded in the Square platform that proactively monitors a seller's business, identifies emerging problems, and proposes actionable solutions — [...]
Jack Dorsey has been back in the news lately after unveiling a pair of new apps he worked on, Bluetooth-based messenager Bitchat and UV exposure tracker Sun Day. The Block CEO put those together under [...]
Jack Dorsey just released a decentralized, peer-to-peer messaging app that functions entirely over Bluetooth networks, as reported by CNBC. It's called Bitchat and doesn't need the internet [...]