Jack Dorsey

Block Head and Chairperson, Block

Authority Report

Block cut 4,000 jobs and Dorsey wrote the reasoning into the shareholder letter

The February 2026 letter puts the thesis in one sentence and leaves the arithmetic to the filings. The middle of that sentence is the part that does not travel to a company which buys its tools.

Published by Christoph Ebhart

Founder, Sondero

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