As I wrote last week, it was always my contention that the Block ( XYZ ) layoffs were not due to AI: https://www.twitter.com/greg_ip/status/2028661198204318053 From 2/27: FEB 27, 2026 6:25 AM EST Block's Layoff Announcem…
Read in context ›Block Stock (XYZ)
Track Block stock through TheStreet Pro's latest coverage, including articles, Daily Diary mentions, TheStreet Pro portfolio activity, contributor watchlist signals, and Pro price levels.
XYZ
Block
technology
At close
$68.15
▼ -2.74 (-3.87%)
Jun 5, 4:02 PM ET
After-hours
$67.69
▼ -0.46 (-0.67%)
Jun 5, 7:59 PM ET
Market Cap
$41.54B
P/E Ratio
52.5x
1Y Return
+11.01%
EPS (TTM)
$1.29
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Articles
45 articlesDaily Diary Mentions
3 mentionsBlock's Layoff Announcement (Part Deux) More Tales From Nvidia: If I Go Down, You Are Going Down With Me (Issue #186!) * I am approaching 200 "More Tales"... Oh, my! I think at this point it is clear the singularity has become the circularity. OpenAI got their deal done. Of course it is related parties that either depend on OpenAI for re…
Read in context ›Block's Layoff Announcement Is Misleading and Has Likely Been Misinterpreted by the Markets The tweet below about Block ( XYZ ) laying off about half its employees due to “AI” is exactly right, in my view. In my opinion, Block’s statements about the layoffs could be construed as materially misleading as well: h…
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