TTTa
2021-12-02
Good move
Dorsey-led Square rebrands to Block in nod to blockchain
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The new name would distinguish the corporate entity from its businesses, Square added, a strategy similar to <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> Inc's rebrand last month.</p>\n<p>The company said there would be no organizational changes and its different business units - Square, peer-to-peer payment service Cash App, music streaming service Tidal and its bitcoin-focused financial services segment TBD54566975 - will continue to maintain their respective brands. Shares were up nearly 1% in extended trading.</p>\n<p>\"The name has many associated meanings for the company — building blocks, neighborhood blocks and their local businesses, communities coming together at block parties full of music, a blockchain, a section of code, and obstacles to overcome,\" Square said in a statement.</p>\n<p>The move comes days after Dorsey stepped down from his role as chief executive officer at Twitter. The digital payments giant's Square Crypto, a team \"dedicated to advancing Bitcoin\", will also change its name to Spiral.</p>\n<p>Under Dorsey, who has frequently expressed his interest in the cryptocurrency, Square bought $50 million worth of bitcoin even before the wave of institutional interest that propelled the digital currency's price to record highs this year. In February, it further raised its wager and invested another $170 million in it.</p>\n<p>Square has also been weighing the creation of a hardware wallet for bitcoin to make its custody more mainstream.</p>\n<p>The new name would become effective on or about Dec. 10, Square said, but the \"SQ\" ticker symbol on the New York Stock Exchange would not change at this time.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dorsey-led Square rebrands to Block in nod to blockchain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDorsey-led Square rebrands to Block in nod to blockchain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-02 07:05 GMT+8 <a href=https://finance.yahoo.com/news/dorsey-led-square-rebrands-block-214611233.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Square Inc, the payments company led by Twitter Inc co-founder Jack Dorsey, said on Wednesday it was changing its name to Block Inc, as it looks to expand beyond its payment business and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dorsey-led-square-rebrands-block-214611233.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4551":"寇图资本持仓","SQ":"Block","BK4528":"SaaS概念","BK4503":"景林资产持仓","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念"},"source_url":"https://finance.yahoo.com/news/dorsey-led-square-rebrands-block-214611233.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2188560306","content_text":"(Reuters) -Square Inc, the payments company led by Twitter Inc co-founder Jack Dorsey, said on Wednesday it was changing its name to Block Inc, as it looks to expand beyond its payment business and into new technologies like blockchain.\nThe San Francisco-based company said the name \"Square\" had become synonymous with it's seller business. The new name would distinguish the corporate entity from its businesses, Square added, a strategy similar to Meta Platforms Inc's rebrand last month.\nThe company said there would be no organizational changes and its different business units - Square, peer-to-peer payment service Cash App, music streaming service Tidal and its bitcoin-focused financial services segment TBD54566975 - will continue to maintain their respective brands. Shares were up nearly 1% in extended trading.\n\"The name has many associated meanings for the company — building blocks, neighborhood blocks and their local businesses, communities coming together at block parties full of music, a blockchain, a section of code, and obstacles to overcome,\" Square said in a statement.\nThe move comes days after Dorsey stepped down from his role as chief executive officer at Twitter. The digital payments giant's Square Crypto, a team \"dedicated to advancing Bitcoin\", will also change its name to Spiral.\nUnder Dorsey, who has frequently expressed his interest in the cryptocurrency, Square bought $50 million worth of bitcoin even before the wave of institutional interest that propelled the digital currency's price to record highs this year. In February, it further raised its wager and invested another $170 million in it.\nSquare has also been weighing the creation of a hardware wallet for bitcoin to make its custody more mainstream.\nThe new name would become effective on or about Dec. 10, Square said, but the \"SQ\" ticker symbol on the New York Stock Exchange would not change at this time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":818,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/603821340"}
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