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MrBora
@MrBora
8Mes·

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 (+2,76%)

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16 Commenti
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Leopold T.@Tuffbet
8Mes
They fire 4000 employees
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Sansebastian@Sansebastian
8Mes
@Tuffbet What percentage does that make up?
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immagine del profilo
SemiGrowth@SemiGrowth
8Mes
@Sansebastian between 40-50%
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immagine del profilo
Sansebastian@Sansebastian
8Mes
@SemiGrowth fierce. Thank you!
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immagine del profilo
HyperX@AxoWallStreet
8Mes
Whew, the poor labor market 🙃
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Susanne@Isus01
8Mes
@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
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SemiGrowth@SemiGrowth
8Mes
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
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MrBora@MrBora
8Mes
@SemiGrowth Do you think they'll make it?
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SemiGrowth@SemiGrowth
8Mes
@MrBora remains to be seen, I remain invested. The company is still favorably valued
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MrBora@MrBora
8Mes
@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
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SemiGrowth@SemiGrowth
8Mes
@MrBora Yes, I am now also back at cost level
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Play R.@Playrio
8Mes
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😉
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immagine del profilo
MrBora@MrBora
8Mes
That's right. I hadn't noticed, didn't have time in the evening, so I just googled it.
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fionn@8fionn
8Mes
was about to sell at -30-40%
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immagine del profilo
MrBora@MrBora
8Mes
@8fionn I feel the same way. Do you keep Blick or do you throw them out after the climb?
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fionn@8fionn
8Mes
@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
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