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Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring

Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.  The news sent shares up over 30% in after hours trade. "We are taking bold and decisive action here, but we’re doing it from a position of...
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Feb 18, 2026 /
Hungary Cuts Energy Shipments to Ukraine, Slovakia Threatens to Follow
Hungary announced that it was ending diesel fuel shipments to Ukraine, and Slovakia said it could also cut energy shipments. Hungary and Slovakia are taking the step because Ukraine is blocking Russian oil shipments to the Eastern European nations. “Today we decided to suspend diesel fuel deliveries to Ukraine. Shipments will not resume until oil […]
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Apr 17, 2026 / Tyler Durden
Hochul Joins Mamdani In New York's "Eat The Rich" Movement
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Feb 21, 2026 / Tyler Durden
Trump Admin Mandates English-Only Tests For Truckers Seeking Commercial Driver's Licenses
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