Fintech company Block is shrinking back toward its pre-pandemic size, cutting staff to about 6,000 from a Covid-era peak of over 10,000, compared with just 3,800 in 2019. CEO Jack Dorsey says AI allows smaller teams to move faster. While that’s certainly true, the reset may reflect a tougher reality: stablecoin rails are likely beginning
South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund managing over $1 trillion on behalf of the country’s retirees, expanded its position in Strategy Inc (MSTR) by 20% during the fourth quarter of 2025 — a period in which Bitcoin fell from a cycle high near $126,000 to roughly $88,000. The fund
The world’s most valuable company is pouring billions of dollars into two tech stocks. In the October-to-December quarter of 2025, Nvidia (NVDA) invested approximately $7.93 billion in chipmaker Intel Corporation (INTC). Since September 2nd, INTC has rallied from a price of $24.21 to $46.51 at time of writing, a gain of roughly 92%. During the
Anthropic CEO Dario Amodei publicly rejected the Pentagon’s demand on Thursday. The Defense Department wants unrestricted military use of the company’s AI technology. The deadline, just hours away, could see the $380 billion startup expelled from the US military’s supply chain. The showdown marks the first time a major AI company has publicly defied a
PayPal Holdings, the digital payments giant, is not currently engaged in acquisition discussions with Stripe or any other potential buyer, despite recent speculation about a possible takeover by the fintech firm. Executives at the payments company have spent months working with advisers to prepare defenses against a potential activist investor campaign or an uninvited acquisition
Blockchain intelligence firm Arkham recently identified a public Ethereum address belonging to the LinkedIn co-founder and venture capitalist, Reid Hoffman. Their tracking data shows that Hoffman holds a substantial $6.1 million strictly in $ETH. This shows that he has a heavily concentrated “long” position on the asset. On top of his liquid $ETH holdings, Hoffman
Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook Block, Inc. will cut more than 4,000 employees, reducing its workforce by nearly half as the company restructures around artificial intelligence and a leaner operating model. The layoffs, announced Thursday in a shareholder letter, will shrink headcount from more than 10,000