Project
Block's merchant-focused business, which posted a 13% year-over-year gross profit increase in the reported quarter.
Google's Gemini-powered Ask Maps can now place restaurant orders through Square and Uber Eats, tripling a partner list that held only Toast in August. For a restaurant, the service that handles its orders now decides whether a Maps chat can end in a sale.
Reality
Dorsey's 2024 pitch for melding Square and Cash App finally has a distribution number attached. The rebate that pulled the merchants in is capped at $10 a ticket and funded by Cash App for twelve months.
Reality
Block has published the first hard distribution of AI adoption inside a large engineering org: one agent for most, three to five for the next cohort, and a small team building the orchestrator.
Reality
Block's Square unit now lets sellers pay vendors by ACH or check through Bill Pay, paying triple rewards to route those flows, while Stripe negotiates for PayPal.
Reality
Adjusted EPS up 65% and a record 27% operating margin did not hold the stock, which closed at $79.02. The publisher pins the selloff on Cash App, without publishing a Cash App number.
Reality