US Stocks Move｜Block Soars Over 22% Pre-market After Announcing Nearly 50% Layoffs and Raising Annual Gross Profit Guidance
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Glonghui, February 27｜Fintech company Block (XYZ.US) surged 22.6% in pre-market trading, reaching $66.84. According to reports, Block announced a reduction of nearly half its workforce, involving about 4,000 employees, citing an AI-driven efficiency boost as the reason for a comprehensive organizational restructuring. Company CEO Jack Dorsey predicted in a shareholder letter that most companies will be forced to make similar structural adjustments within the next year. In addition, the company’s management raised its full-year performance expectations for 2026, now forecasting gross profit to reach $12.2 billions, representing an 18% year-on-year increase.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Analysts: Colombia's Consumer Price Index will reach 6.3% by the end of this year
老虎证券•2026/04/25 04:57
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$77,582.33
+0.28%
Ethereum
ETH
$2,318.59
+0.22%
Tether USDt
USDT
$1
-0.02%
XRP
XRP
$1.42
-0.66%
BNB
BNB
$629.37
-1.10%
USDC
USDC
$0.9997
-0.01%
Solana
SOL
$86.09
-0.16%
TRON
TRX
$0.3244
+0.19%
Dogecoin
DOGE
$0.09798
-0.16%
Hyperliquid
HYPE
$41.46
+0.56%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now