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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 26, 2026 / Dave DeCamp
US Says It Will Allow Sale of Some Venezuelan Oil to Private Companies in Cuba
The US Treasury Department’s Office of Foreign Assets Control said on Wednesday that it would allow some sales of Venezuelan oil to private businesses in Cuba, marking an easing of the US oil embargo, though it’s unclear if the limited sales will bring real relief to the island. The OFAC statement said that its new […]
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Feb 17, 2026 / Kyle Anzalone
Hamas Rejects Israeli Deadline to Disarm
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Feb 13, 2026 / Tyler Durden
Germany, France Hold Secret Talks On Continental Nuclear Shield In Pivot From US
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Has Europe really embarked on a nuclear reset, rethinking its US-led deterrent architecture? For the first time since the Cold War, major European capitals are openly debating the need for an independent nuclear deterrent - an emerging theme on clear display this week at the Munich Security Conference.
We've reported before that the turning point came in March, when Washington temporarily halted battlefield intelligence sharing with Ukraine - a move that forced allies to confront the prospect that...
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