Dorsey’s Block halts trading amid wild announcement, jumps on restart

The shares of Block, Inc. (NYSE: XYZ), the financial technology company led by Twitter co-founder Jack Dorsey, halted trading on Nov. 19 when the Bitcoin (BTC)-focused company made a major announcement. Block unveiled a three-year financial outlook which sent the stock soaring once trading resumed. Related: Popular crypto company shuts down as Bitcoin crashes Dorsey founded Square (later rebranded to Block) in 2009 — only three years after co-founding Twitter in 2006. A Bitcoin advocate himself, he once ...