Block, Inc. is a global technology company focused on economic empowerment through its diverse ecosystem of businesses. Founded in 2009 by Jack Dorsey, the company was originally known as Square, Inc. and rebranded to Block in 2021 to reflect its broader mission and growth. Headquartered in San Francisco, Block operates with a decentralized structure, emphasizing innovation and inclusivity across its various platforms.
Block's portfolio includes several key services:
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Square: A point-of-sale system that enables businesses to accept card payments, manage operations, and access financial services.
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Cash App: A mobile application that allows users to send, spend, and invest money, including buying and selling Bitcoin.
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TIDAL: A music streaming service offering high-fidelity audio and exclusive content.
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Afterpay: A buy-now-pay-later service that provides flexible payment options for consumers.
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Bitkey: A self-custody Bitcoin hardware wallet launched in 2023, enabling users to securely store and manage their cryptocurrency assets.
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Proto: A Bitcoin mining system under development, aiming to decentralize the supply of mining hardware and distribution of hash rate.
As of 2024, Block reported a revenue of $24.12 billion and a net income of $2.9 billion. The company employs over 11,000 individuals globally and serves millions of consumers and sellers. Block's commitment to innovation is evident in its investments in blockchain technology and mobile commerce, positioning it as a leader in the digital financial services industry.
Block's mission is to build tools that increase access to the economy for individuals, artists, fans, developers, and sellers, reflecting its dedication to fostering economic inclusion and empowerment.
