Dare ObasanjoMar 9

Additionally Block’s revenue was $24.12B in 2024 and $24.19B in 2025 which implies revenue isn’t growing. Being less efficient than competitors and flat revenue means layoffs are inevitable to grow the stock price.

The scale of the layoffs (40% versus 10%) given the rationale of AI based productivity gains is what’s notable.

The stock jumped on the belief they can make these cuts and not harm revenue. Time will tell if that’s a reasonable assumption.

Show threadFranklin Delano StalloneMar 9
@carnage4life imo, Jack is a charlatan. He got lucky once and a lot of his brand is due to external parties and yet he gets treated like a genius and if I had to guess, he thinks he's a genius too.
Show threadTuskie

@fds @carnage4life I tend to agree though, to be fair, this applies to most wealthy people.

MySpace Tom may be the general exception (AFAIK)

Mar 9 at 6:03amWeb