Short-seller Carson Block compares SoFi to Enron in a letter to the fintech firm's board

Carson Block, the founder of Muddy Waters Research, unveiled his short bet against SoFi last month, and has compared the ...
CoinDesk

Cipher Digital stock rises 9% on new data center deal with Hyperscale tenant

Cipher Digital (CIFR) shares jumped 9% in pre-market trading after the company, formerly a bitcoin miner, announced a new long-term data-center lease and said it secured a $200 million revolving ...
The New York Times

I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem.

Mr. Zamost was the head of communications, policy and people at Square, now known as Block, from 2015 to 2020. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los ...
Wall Street Journal

Jack Dorsey Blamed AI for Block’s Massive Layoffs. Skeptics Aren’t Buying It.

In September, payments firm Block Inc.XYZ-4.15%decrease; red down pointing triangle gathered 8,000 of its employees from around the globe to California for an extravaganza celebrating the company’s ...
Forbes

Block Fired 40% of its People. Wall St. Cheered. It’s Just the Start.

Forbes contributors publish independent expert analyses and insights. I write about how AI will impact people, business and society. This voice experience is generated by AI. Learn more. This voice ...
The Desert Sun

Block CEO Jack Dorsey cites AI for layoff of nearly 50% of workers

The CEO of Block, Inc., announced layoffs of about half its workforce on Feb. 26, citing AI as the reason for the large cuts and warning the tech industry of a larger push towards AI. Jack Dorsey, CEO ...
Reuters

Block shares soar as Dorsey leans on AI to trim workforce

Feb 27 (Reuters) - Block (XYZ.N), opens new tab shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its workforce as part of an overhaul to embed artificial ...
Business Insider

Here's what smart people are saying about Jack Dorsey slashing Block's workforce

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 ...
Reuters

Jack Dorsey’s Block to cut nearly half its workforce in AI overhaul, shares surge

Block to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...
Inc

Jack Dorsey Faces Employee Backlash After Mass Layoffs and AI Mandates at Block

Jack Dorsey’s decision to lay off hundreds of employees and aggressively promote the use of artificial intelligence at his financial services company, Block Inc., has led to riled workers downgrading ...
Insider Monkey

Is Cipher Mining Inc. (CIFR) among the Best Bitcoin and Blockchain Stocks to Invest in?

Cipher Mining Inc. (NASDAQ:CIFR) named Drew Armstrong as Head of Strategic Initiatives and Lee Bratcher as Head of Policy and Government Affairs on January 6, 2026. Bratcher provides industry ...
The Motley Fool

Why Cipher Mining Stock Popped by Nearly 14% on Monday

A high-profile investment bank launched coverage of three crypto mining stocks. It flagged two of them, including Cipher Mining, as being clear buys. According to reports the analysts generally waxed ...