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The stock was trading at $81.39, adding more than $8 billion to the company's market value. Block has been looking to lower costs and drive "profitable growth" in the business by trimming headcount and reducing its real estate footprint. The company said on Thursday it plans to cut 112 jobs in March.
/PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Block, Inc. (NYSE: SQ). To...
Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index. His firm Block's shares nosedived as much as 22 per cent on Thursday, before closing down 15 per cent late on Thursday.
After his worst single-day decline, Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index.
Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated its user numbers and