Block AI job cuts start to pay off

Block shares getting a nice lift this morning up almost 7% now after what you could call CEO Jack Dorsey's vindication print. This is blocks first major test since Dorsey cut nearly half the company's workforce and told investors that AI would let them run leaner, faster, and more efficiently. And this quarter gives bulls real evidence that that's AI reset is starting to work.Block beat on earnings, margins came in stronger than expected, cash app revenue ahead of the street on strength in credit products a ...