Cathie Wood, Chase Coleman Bet On Block — Now Jack Dorsey Is Rewriting The Cost Curve

Billionaire investors had already built exposure. The cost curve is now being rewritten. Shares of Block Inc (NYSE:XYZ) surged roughly 20% premarket after CEO Jack Dorsey announced the company will cut nearly 4,000 employees — about 40% of its workforce — to become "more compact, flat, and AI-focused."The stock, currently up over 17% and trading at around $63.90 per share, entered the week down double digits year to date. Then Dorsey rewrote the operating model.Billionaires Were Already BuyingIn the fourth ...