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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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Apr 29, 2026 / Tyler Durden
Private Sector Struggles In Major Chinese Industrial Base As Export Orders Shrink: Local Businessmen
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Apr 27, 2026 / Tyler Durden
Israel Bombs Deep Into Lebanon For First Time Of 3-Week Ceasefire
Israel Bombs Deep Into Lebanon For First Time Of 3-Week Ceasefire There's supposed to be a 3-week Lebanon ceasefire in effect, but that increasingly appears something merely on paper or in name only, as Israel has stepped up and expanded its attacks on Lebanon - now for the first time of the ceasefire including strikes on the far away Beqaa Valley. "The IDF says it has launched a wave of airstrikes against Hezbollah infrastructure in the Beqaa Valley and several areas of southern Lebanon," Israeli media confirms Monday. "The strikes come...
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Mar 11, 2026 / Tyler Durden
Trump Says Iran War To End 'Soon' As 'Practically Nothing Left' To Target
Trump Says Iran War To End 'Soon' As 'Practically Nothing Left' To Target  Top headlines of conflict  Trump says the war with Iran will end soon, as there is 'practically nothing left to target."  Yet U.S. and Israeli officials plan at least two more weeks of strikes U.S. forces destroyed 16 Iranian mine-laying vessels in the Strait of Hormuz Iran's drone production has been significantly degraded. The IEA is preparing its largest-ever emergency crude oil release to counter surging Brent and WTI prices. Casualty estimates: over 1,200 killed in Iran from U.S./Israeli strikes (plus civilian...
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