Every article about Block should begin with the context setting that this is a company that spent $300m to acquire a failing music streaming startup simply because the CEO likes hanging out with celebrities. It’s impossible to take any of Block’s statements about operational efficiency seriously when clearly their leadership has never been serious about running a business.

  > For now, it is joining the company of Amazon, Google, and Meta in using “AI” as cover to sweep up the sins of unfettered, unchecked, unhinged expansion during the Covid years.