Re:Layoffs at Block
by jeremyjh on Thursday February 26, 2026 @10:37PM
(#47176176)
The company lost about $12 billion in enterprise value between the last two transactions.
[ Parent
| on HN ]
Re:Layoffs at Block
by DoesntMatter22 on Friday February 27, 2026 @01:48PM
(#47184028)
Valuation is not important. These are private market transactions. Ultimately all the investors made out well, and it seems the company is more profitable than it was before. At least expenses are way down and if those expenses are correct then they are paying off the debt and making a good profit.