image de profil
MrBora
@MrBora
8Mo·

Sebastian Holtz takes over management of the Block Group🚀

No time to look at the earnings right now, but the news shouldn't be bad $SQ (+0,26 %)

3
16 Commentaires
image de profil
Leopold T.@Tuffbet
8Mo
They fire 4000 employees
•
3
•
image de profil
Sansebastian@Sansebastian
8Mo
@Tuffbet What percentage does that make up?
••
image de profil
SemiGrowth@SemiGrowth
8Mo
@Sansebastian between 40-50%
•
1
•
image de profil
Sansebastian@Sansebastian
8Mo
@SemiGrowth fierce. Thank you!
•
1
•
image de profil
HyperX@AxoWallStreet
8Mo
Whew, the poor labor market 🙃
••
image de profil
Susanne@Isus01
8Mo
@Tuffbet We will hear more news like this from the software industry. AI won't kill companies, but it will reduce the number of employees needed
••
image de profil
SemiGrowth@SemiGrowth
8Mo
Guidance has been raised (profitability) as almost half of the workforce is leaving.
They think AI is good enough and many companies will realize next year that they can fire employees. Block wants to be a pioneer
•
1
•
image de profil
MrBora@MrBora
8Mo
@SemiGrowth Do you think they'll make it?
••
image de profil
SemiGrowth@SemiGrowth
8Mo
@MrBora remains to be seen, I remain invested. The company is still favorably valued
••
image de profil
MrBora@MrBora
8Mo
@SemiGrowth only have a very small share from back then, am considering realizing a small loss here and investing the money elsewhere. I think I've been in Block for 2.5 years and it's been the same fluctuations every time
••
image de profil
SemiGrowth@SemiGrowth
8Mo
@MrBora Yes, I am now also back at cost level
••
image de profil
Play R.@Playrio
8Mo
The Block Group has nothing whatsoever to do with Block Inc. It's crazy what's being mixed up here again😂 Holtz will therefore focus on hotels and the like and not on financial services😉
•
1
•
image de profil
MrBora@MrBora
8Mo
That's right. I hadn't noticed, didn't have time in the evening, so I just googled it.
••
fionn@8fionn
8Mo
was about to sell at -30-40%
••
image de profil
MrBora@MrBora
8Mo
@8fionn I feel the same way. Do you keep Blick or do you throw them out after the climb?
••
fionn@8fionn
8Mo
@MrBora Good question, so this management change seems to give some hope, so I'll keep holding on for now or take a closer look at what they want to do differently and then decide
•
1
•
Participez à la conversation
S'inscrireConnexion