Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 19%+ in extended trading
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount. The stock skyrocketed more than 24% in extended trading.
Block reports Q3 revenue up 2.3% YoY to $6.1B, below $6.3B est., adjusted EPS below est., and a $461.6M net income, up from $283.8M; XYZ drops 11%+ after hours
Dean Seal / Dow Jones Newswires :
S&P Global says Block will join the S&P 500 on July 23, after announcing Monday that ad tech firm The Trade Desk will also be added; XYZ jumps 9%+ after hours
Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the S&P 500, replacing Hess.
Block reports Q1 revenue down 3% YoY to $5.77B, vs. $6.2B est., gross profit up 9% YoY to $2.3B, below est., and issues a weak profit guidance; XYZ drops 20%+
MacKenzie Sigalos / CNBC :
Block reports Q4 revenue up 4% YoY to $6.03B, vs. $6.29B est., gross profit up 14% YoY to $2.31B, and Cash App gross profit up 16% YoY to $1.38B; XYZ drops 10%+
MacKenzie Sigalos / CNBC :
Generative AI startup Yurts, which has contracts with the US Army, Air Force, and others, raised a $40M Series B led by XYZ, taking its total raised to $58.35M
Had Yurts founder Ben Van Roo's eyes been better, he might've followed in his family's footsteps and joined the Air Force.
An overview of Apple's three new “Child Safety” initiatives, what critics are getting wrong, and the completely legitimate slippery slope concerns from experts
*without asking.* https://twitter.com/... Kontra / @counternotions : If you must read only one article to see the absurdity of the bombastic headline regurgitation currently being spewed about Apple's...