Thu. Jan 20th, 2022


Jack Dorsey Mark Zuckerberg has no fans. He once said Rolling stoneFacebook CEO Chase Juke at dinner Served him a goat He killed, and the flesh was cold. Most recently, he To make fun of Zuckerberg’s Metaverse is ambitious. However, albeit unintentionally, today the CEO of Square sees himself taking a similar step to the social media mogul. Facebook has been renamed Just to meet five weeks ago.

The square is now blocked. Got it? Block.

Just as Meta retains the Facebook name for its flagship product, Block will continue to use Square for its “seller” business, which includes payment systems and banking products for merchants. The new name, which takes effect today, marks the 12th anniversary of Square’s launch, reflecting the company’s wider scope of business, which now includes a personal payment cash app, a music service tidal and a new crypto-based open developer platform. TBD54566975.

Courtesy of Block

In a statement announcing the switch, Block expressed surprise at the meaning of its new moniker: “Building blocks, surrounding blocks and their local businesses, communities music, a blockchain, a division of code and overcoming barriers.” Powered by: Blockchain. Square, and especially Dorsey, has embraced the crypto revolution, almost to the point of putting a sticker that reads “Bitcoin Inside” on its products. Did not provide.)

Here is another linguistic feature: just like the alphabet, which is the time to take the same action Google has changed its name And its various businesses are called “bets”, the block will refer to its sections as “building blocks”.

Block said everything else in the company would be the same, except for the new email address where employees would be engaged in what they had done before. The new corporate website will have the address block.xyz; Apparently block.com seems to be a priority Stealth cryptocurrency firm. Currently, the company’s NYSE ticker symbol SQ will remain unchanged.





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