Jack Dorsey announced major layoffs at Block, cutting nearly half of its workforce. Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading. Tech and VC ...

Block, Inc. earns a Buy rating after a strong Q4, driven by aggressive AI-enabled headcount cuts and robust guidance. Q4 results featured $0.65 non-GAAP EPS, $6.25B revenue, and a 17% annual gross ...

Jack Dorsey, the co-founder of Block and Twitter, speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference in Miami. (Joe Raedle / Getty Images) Fintech company Block said Thursday ...