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Jack Dorsey dramatically scales back crypto ambitions for Block

CNBC
Summary
Nutrition label

77% Informative

Block CEO Jack Dorsey tweeted in 2021 that his company was starting a crypto unit called TBD .

Square founder Dorsey changed the name of Square Inc. to Block in December of that year .

Block said Thursday that it was "winding down" TBD after a stretch of layoffs.

Dorsey didn't mention crypto or bitcoin once in a shareholder letter to shareholders.

VR Score

78

Informative language

75

Neutral language

57

Article tone

semi-formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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