> Seems like a move to pander to Jack's new obsession (maybe he has no interest in running what Square actually works on now).
I suspect this has something to do with it. I had a co-worker once describe Jack as a magpie. He's usually much more interested in the new shiny thing. That was Cash App for a while. Now the blockchain stuff I guess. I haven't worked there in many years so I don't know for sure.
Jack tends to hire good executives to run the boring parts of the business. Those are also the parts that tend to bankroll all the new and shiny stuff.
I had a big WTF with this move, and have a similar feeling about the blockchain efforts. But I also tend towards the new and shiny, so I have a harder time faulting that.
I suspect this has something to do with it. I had a co-worker once describe Jack as a magpie. He's usually much more interested in the new shiny thing. That was Cash App for a while. Now the blockchain stuff I guess. I haven't worked there in many years so I don't know for sure.
Jack tends to hire good executives to run the boring parts of the business. Those are also the parts that tend to bankroll all the new and shiny stuff.
I had a big WTF with this move, and have a similar feeling about the blockchain efforts. But I also tend towards the new and shiny, so I have a harder time faulting that.