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The Latest Breaking News from Jack Dorsey

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits

The Guardian - US

CEO Says AI is Main Reason For Laying Off Nearly Half of His Employees: 'Can Do More And Do It Better'

Block CEO Jack Dorsey announced that he was laying off 40 percent of the company's workforce, citing improved efficiency from AI as the reason.

International Business Times

Jack Dorsey Announces 4,000 Job Cuts at Block as AI Push Sends Shares Soaring

Jack Dorsey plans to cut 4,000 jobs at Block, citing AI-led efficiency. The move has excited investors, with shares surging 27% post-announcement.

International Business Times UK

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'We see an opportunity to move faster with smaller, highly talented teams using AI to automate more work': Block decimates workforce in favor of AI

Jack Dorsey's Block will remove 4,000 workers from its 10,000-strong team, all because AI can get the job done for less.

TechRadar

Hillary Clinton Knows Nothing

Plus: AI layoffs, Paramount wins Warner Bros., and the Trump-Mamdani bromance.

Reason

Jack Dorsey's Block cuts roughly 50% of jobs as it embraces AI and shares jump

Block CEO Jack Dorsey has announced a radical restructuring that will see nearly half of the company’s workforce made redundant. Shares surged by 23.5% in after-hours trading.

Euronews

Asian shares are mixed after Nvidia's losses pull Wall St lower, as AI-linked layoffs rattle markets

Shares are mixed in Asia after the worst day for Nvidia’s stock since last spring dragged the U.S. market lower

The Independent UK

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Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence

The Independent UK

Jack Dorsey fires nearly half the staff at Block as he goes fully in on AI

Block, which owns payment service Cash App, went from more than 10,000 employees to just under 6,000 Thursday

The Independent UK

800 Billion Reasons to Watch xAI: Inside the Funding Round That Made Musk Untouchable

Elon Musk sets the record for the first person worth $800 as his xAI and X (formerly Twitter) are now worth more than ever

International Business Times UK

OpenAI just made ChatGPT images 4x faster and easier on the eyes — now CEO Sam Altman faces the GPU crunch

OpenAI has unveiled ChatGPT Images with new capabilities, which Sam Altman described as “something fun.” The update promises greater precision, enhanced creativity, and is said to be four times faster.

Windows Central

Cybertruck 'The Best Robot Out There,' Says Jack Dorsey As Elon Musk Takes Note

Over the weekend, Block Inc. (NYSE:XYZ) CEO and Twitter co-founder Jack Dorsey praised Tesla Inc.'s (NASDAQ:TSLA) electric utility truck.

Benzinga

The return of Vine is my favourite internet plot twist of 2025

Creative Bloq

Elon Musk's Grokipedia Sparks Concern as New Study Flags' Questionable' Sources

Study warns Elon Musk's Grokipedia uses 'questionable' sources, raising reliability and credibility concerns.

International Business Times UK

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International Business Times UK

Jack Dorsey's diVine App Unlike Other Social Media As It Bans AI-Generated Content — Release Date, Other Details

Jack Dorsey has something exciting for Vine fans. After shutting down the popular app, Dorsey finally funded a new version called diVine.

International Business Times UK

Jack Dorsey's diVine Bets on Anti-AI Content—Can It Rescue Original Creators?

Jack Dorsey is working to reboot the popular short-form video-sharing app Vine and ban AI-generated content to cater to those seeking original material and support creators.

Fortune

After shutting down Vine in 2017, former Twitter CEO Jack Dorsey invests in a reboot of the app with more than 10,000 archived six-second videos

“Can we do something that’s kind of nostalgic?” asked Evan Henshaw-Plath, the leader of the project.

Fortune

New Cash App features let users send and receive stablecoins, pay merchants in Bitcoin

Dorsey, who also cofounded Twitter, has long been a Bitcoin devotee.

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Benzinga

Bluesky Reaches 40M Users — Jack Dorsey's Decentralized Dream Adds 'Dislikes' Beta And Update To Zap Toxic Replies

Bluesky, the decentralized social network initially conceived by Twitter co-founder Jack Dorsey, announced on Friday it has surged to 40 million users. The platform simultaneously unveiled a beta test for a dislike feature and a moderation model update aimed at cleaning up toxic replies and spam.

Benzinga

Block CEO Jack Dorsey Says Company Has 'A Lot Of Hope' From Upcoming Square Bitcoin Payment Rollout, But Notes This 'Challenge'

Block Inc. (NYSE:SQ) CEO Jack Dorsey said Thursday that the company has high expectations for the upcoming launch of Bitcoin (CRYPTO: BTC) payments on its Square point-of-sale system.

Benzinga

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

On Monday, Cathie Wood-led Ark Invest executed significant trades, including a notable purchase of shares in Amazon.com Inc. (NASDAQ:AMZN), Block Inc. (NYSE:XYZ), and Alibaba Group Holding Ltd. (NYSE:BABA). Ark sold shares of Shopify Inc. (NASDAQ:SHOP) and Palantir Inc. (NASDAQ:PLTR).

International Business Times UK

Jack Dorsey Throws His Support Behind Thomas Massie for President — But Trump Has Other Plans

Tech titan Jack Dorsey backed Thomas Massie for president, igniting online debate. Massie deflected the offer, preferring Congress. Meanwhile, Donald Trump endorsed Massie's challenger Ed Gallrein, calling Massie a 'LOSER'.

Benzinga

Jack Dorsey Wants A Tax Exemption On Everyday Bitcoin Transactions — Cynthia Lummis Points Toward A Bill She Introduced

Sen. Cynthia Lummis (R-Wyo.) backed Block Inc. (NYSE:XYZ) CEO Jack Dorsey’s call for tax relief on Bitcoin (CRYPTO: BTC) transactions on Thursday, citing a supportive legislation she introduced earlier.

Benzinga

Block Shares Hit 8-Month High After Jack Dorsey's Firm Announces Bitcoin Payments For Square PoS System

Fintech company Block Inc. (NYSE:XYZ) said it will integrate Bitcoin (CRYPTO: BTC) into its Square point-of-sale system, enabling merchants to accept and stack the cryptocurrency from their daily sales.

Benzinga

Jack Dorsey Once Said People Unknowingly Work For Social Media, AI Companies For 'Free' And They 'Will Be Replaced' — Bitcoin Offers a Different Model

Technology mogul Jack Dorsey has long championed decentralized technologies such as Bitcoin (CRYPTO: BTC), suggesting their application in areas like artificial intelligence and social media.

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