Having spent years in fintech partnerships (Kabbage-Amex, Lendio), the pattern Block is going through is familiar — the post-ZIRP reckoning where sprawling product bets get consolidated back to core revenue drivers. I'll also be interested to see whether their Bitcoin/decentralized payments thesis survives the cost-cutting or gets put on the "block" as well (bad Dad jokes). Tpypicall, from what I've seen, the companies that come out stronger from these cycles are the ones that cut to focus/customer value, not just cut to save.
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