Search results for Jack Dorsey
Crypto
Ark Invest buys additional $40 million of Block and Circle shares on stock drop day
Ark Invest, led by Cathie Wood (Catherine D. Wood), bought about $37.4 million worth of Block shares, purchasing 456,059 shares and allocating them across three ETFs. Block shares fell 3.23 percent to close at $80.20 on Aug. 31. Ark also bought 35,192 shares of Circle Internet Group, the USDC issuer, for about $3.36 million as Circle shares rose 9.65 percent to $95.55.
Crypto
Block Q2 bitcoin gross profit falls 31 percent, hit by Cash App fee cuts
Block said its second-quarter gross profit from its bitcoin business fell 31 percent from a year earlier, citing the impact of lowering some bitcoin transaction fees on Cash App. Bitcoin revenue dropped 13 percent to $1.89 billion, though it rose 5 percent from the first quarter. The segment’s gross profit fell to $72 million. Block also recorded a $88.5 million valuation loss on its bitcoin holdings during the quarter.
Crypto
NYSE-listed AI firm Vida Global pays part of salaries in bitcoin, keeps books in dollars
Vida Global, an AI operating system company listed on the New York Stock Exchange, has introduced a system that lets employees receive part of their salaries in bitcoin. The company does not hold bitcoin and keeps its accounting in dollars. It pays wages in dollars, while Voltage converts the amount into bitcoin and delivers it to employees. Vida Global then settles with Voltage in dollars at month-end.
-
AI & Enterprise
Armstrong backs open-weight AI, responds to Huang\'s first X post
-
AI & Enterprise
Jack Dorsey launches Buzz group chat platform for teams and AI agents to challenge Slack
-
AI & Enterprise
Coinbase says more than 95 percent of code written with AI, most staff use AI daily
-
Crypto
Gomining launches bitcoin payment service
-
Crypto
Nepal crypto trading rises despite ban; IMF urges faster regulation
-
AI & Enterprise
Apollo says no clear evidence yet AI is cutting jobs
-
AI & Enterprise
AI rationale drives mass layoffs at tech firms, raising fears of risky gamble
-
AI & Enterprise
Billionaire Marc Andreessen says AI will create a job boom, layoff fears are wrong
-
Telecommunications & Media
Apple removes Jack Dorsey\'s P2P messenger Bitchat from China App Store
-
Crypto
Jack Dorsey says AI can replace many middle manager roles at Block
-
Crypto
From Crypto.com to Algorand, crypto firms cut jobs citing AI
-
Crypto
Bitcoin at $1 million: Exaggeration or future? Experts cite key variable
-
AI & Enterprise
Jack Dorsey says AI already replacing jobs, most companies will reach same conclusion
-
Crypto
Block announces more than 4,000 job cuts, shares surge 24 percent
-
Crypto
Block to cut up to 10 percent of jobs amid business revamp