Dorsey’s Block slows hiring, investment as bitcoin plunge slams earnings

Published by Reuters UK By Mehnaz Yasmin (Reuters) -Jack Dorsey-led Block Inc said it has slowed hiring and will slash its 2022 investment target by $250 million, after a slump in bitcoin prices dragged the digital payments company to a loss in the second quarter. Shares of Block, formerly called Square, fell nearly 6% in […]