For those who don't understand what the website is about:
Square (and other related companies like Tidal, CashApp, Spiral and TBD54566975, not exactly subsidiaries but sibling companies under a holding company) is changing their name to Block, as in blockchain, as they seem to be going more towards cryptocurrency.
It's similar to Facebook changing their name to Meta for wanting to create a "metaverse," analogously Square is also changing their name.
Interesting to see that Jack Dorsey (who is CEO of Square and until recently was CEO of Twitter as well) probably left Twitter to focus more on Block.
Square (and other related companies like Tidal, CashApp, Spiral and TBD54566975, not exactly subsidiaries but sibling companies under a holding company) is changing their name to Block, as in blockchain, as they seem to be going more towards cryptocurrency.
It's similar to Facebook changing their name to Meta for wanting to create a "metaverse," analogously Square is also changing their name.
Interesting to see that Jack Dorsey (who is CEO of Square and until recently was CEO of Twitter as well) probably left Twitter to focus more on Block.