About
Block, Inc. was founded 14 February 2009 as Square and renamed Block on 2021-12-10. No formal HQ; principal office in Oakland, California (per Wikipedia). Jack Dorsey is Block Head and Chairperson; Amrita Ahuja is CFO/COO. Ticker changed from SQ to XYZ in January 2025 (Wikipedia).
Products
Per Wikipedia: Square (POS), Cash App, Afterpay, Bitkey (bitcoin wallet), Proto (mining), Tidal (reportedly scaled back; November 2024), Weebly. AI: goose, an open-source local AI agent.
Timeline
- 2024: revenue 2.9B (Wikipedia).
- 2025-12-09: goose contributed to the Linux Foundation’s Agentic AI Foundation alongside MCP and AGENTS.md; Block is listed as a platinum member (per the Linux Foundation announcement).
- 2026-02: layoffs of about 4,000 staff (nearly half the workforce) reportedly announced, with AI cited as the driver (per Wikipedia; stock reportedly rose 24%).
Sources
- https://en.wikipedia.org/wiki/Block,_Inc. (secondary, accessed 2026-10-05)
- https://www.linuxfoundation.org/press/linux-foundation-announces-the-formation-of-the-agentic-ai-foundation (accessed 2026-10-01)
Open items
- 2025 financials and layoff details not checked against Block filings.