Current News: Jack Dorsey-led Block to slow hiring, reduce investments amid losses in Q2

Current News: Jack Dorsey-led Block to slow hiring, reduce investments amid losses in Q2 #shorts #news

Jack Dorsey-led Block has slowed its hiring and will reduce its 2022 investment target by $250 million as it reported a loss in the second quarter with falling Bitcoin prices. Block, which was formerly called Square, witnessed a total net revenue of $4.40 billion, down 6% from a year ago. Shares of Block fell nearly 6% on Thursday.

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#jackdorsey #block #bitcoin #square #shares #eveningnews

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