Block's second-quarter profit reportedly fell 24 percent to $41 million, and Block CFO Amrita Ahuja explained that while Block's gross profit trend has been healthy over the past seven months
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Aug 5
Aug. 5 (Bloomberg) -- Bitcoin payments company Block has announced that it is slowing down its hiring and will cut its 2022 investment target by a quarter (about $250 million), according to Reuters. Block's second-quarter profit reportedly fell 24 percent to $41 million, and Block CFO Amrita Ahuja explained that while Block's gross profit trend has been healthy over the past seven months, the market is now entering a period of uncertainty, so it will slow down its hiring and cut its...

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