Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Jack Dorsey’s Square changes corporate name to Block

by
December 1, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

I tried the Apple Vision Pro mixed-reality headset — here’s what it’s like

A.I. doomers are a ‘cult’ — here’s the real threat, according to Marc Andreessen

Jack Dorsey (L), CEO of Square and CEO of Twitter, live casts video while standing outside the New York Stock Exchange for the IPO of Square, in New York November 19, 2015.

Lucas Jackson | Reuters

Square is renaming itself Block as it focuses on technologies like blockchain and expands beyond its original credit card reader business.

Jack Dorsey’s payments giant said in an announcement the new name, effective Dec. 10, “acknowledges the company’s growth” and “creates room for further growth.” Block will still trade under the ticker SQ on the New York Stock Exchange.

“We built the Square brand for our Seller business, which is where it belongs,” Jack Dorsey, cofounder and CEO of Block, said in a statement. “Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy.”

Dorsey co-founded Square in 2009 with a focus on in-person payments and its namesake card reader, which let people accept credit card payments on a smartphone. San Francisco-based Square has since added a peer-to-peer digital banking app, small business lending, received a bank charter and offers crypto and stock trading. The company has acquired buy-now-pay-later provider Afterpay and Jay-Z’s music streaming service Tidal. It’s also doubling down on bitcoin with a crypto-focused business called TBD.

As part of the Square rebrand, a separate part of the company “dedicated to advancing Bitcoin,” known as Square Crypto, will change its name to Spiral.

“The name has many associated meanings for the company — building blocks, neighborhood blocks and their local businesses, communities coming together at block parties full of music, a blockchain, a section of code, and obstacles to overcome,” Block said in a statement.

Dorsey stepped down from his other job as Twitter CEO on Monday after running both Twitter and Square since 2015. Dorsey cited a belief Twitter was “ready to move on from its founders,” and will now have more time to dedicate to Square‘s growing portfolio. But Dorsey is also expected to focus on his fascination with cryptocurrency.

The news comes roughly a month after Facebook changed its name to Meta to reflect on CEO Mark Zuckerberg’s plan to build a virtual world called the metaverse. Google famously renamed itself Alphabet six years ago in a similar move to reflect other lines of business.

Square was one of the biggest winners of 2020 as consumers shifted to digital payments. Shares are down roughly 2% so far this year, as investors rotate away from higher-growth tech names.

Correction: Square (now Block) trades on the NYSE.

ShareTweetPin

Related Posts

I tried the Apple Vision Pro mixed-reality headset — here’s what it’s like

by
June 7, 2023
0

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple's new Vision Pro virtual reality headset is displayed during...

A.I. doomers are a ‘cult’ — here’s the real threat, according to Marc Andreessen

by
June 7, 2023
0

Andreessen Horowitz partner Marc Andreessen Justin Sullivan | Getty Images Venture capitalist Marc Andreessen is known for saying that "software...

Canadian wildfire smoke creates hazy skies and unhealthy air quality in New York City

by
June 7, 2023
0

The sun is shrouded as it rises in a hazy, smoky sky behind the Empire State Building, One Vanderbilt and...

Copycats are coming for JPMorgan’s high-yield ETFs. Here’s what’s next for the popular funds

by
June 7, 2023
0

While the excitement around artificial intelligence has driven the market higher in recent months, cash has continued to pour into...

Former New Jersey Gov. Chris Christie, a top GOP Trump critic, launches 2024 presidential bid

by
June 7, 2023
0

U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum...

Next Post

Disney names Susan Arnold as board chair, replacing Bob Iger

Salesforce stock has worst day since beginning of pandemic after disappointing earnings forecast

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com