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, ...

Block Inc. gained 9% in pre-market trading following its S&P 500 inclusion announcement. While the fintech company presents a mixed investment profile with strong balance sheet metrics offset by ...

Investors seem to doubt Block's ability to grow and improve profitability despite evidence to the contrary. For some investors, this could be a reasonably priced growth stock, although there are some ...

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 ...

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's Cash App segment showed strong growth in Q3, generating a total of $984M in gross profits. The Company exceeded revenue and earnings expectations in Q3 and the company continues to expand ...

This is read by an automated voice. Please report any issues or inconsistencies here. Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as ...