For Block, AI implementation has bolstered the company’s operations. “We’re not making this decision because we’re in trouble,” Dorsey noted in his X post. “Our business is strong.” The company reported a gross profit of $2.87 billion in the fourth quarter, up 24% year over year.
"While this is good news for consumers, we recognise many households and businesses are still struggling," he said.
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3705 fills a role sometimes called a "front-end processor," doing the grunt work
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