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San Francisco, September 20: Jack Dorsey has been appointed head and chairperson of Block Inc. Block Inc. is an American multinational technology owned by Jack Dorsey. Which was founded in 2009 by Jack Dorsey and Jim McKelvey. The American multinational technology giant Block Inc., headed and chairperson by Jack Dorsey, was formerly known as Square.
Jack Dorsey previously served as Chief Executive Chairman but now his title has changed and he will serve as Block Inc Chief and Chairman.
Block said in a filing with the US Securities and Exchange Commission that Square’s current CEO is leaving the company. Therefore, Jack Dorsey will take on additional responsibilities in the company. There has been no change in the responsibilities Jack Dorsey previously performed. He will continue to serve as the Chief Executive Officer of the company as before. He will also fulfill the responsibilities of block chief and president.
Jack Dorsey’s financial services company Square announced in December 2021 that it was changing its name to Block. In March 2023, Hindenburg Research claimed that the blockchain facilitates fraud against consumers and the government. Avoids exchange and also misleads investors with inflated metrics. Hindenburg Research has also presented the claim through a report that Jack Dorsey has created an empire, through which he has acquired personal wealth worth 5 billion dollars.
Micro blogging platform Bluesky was launched in 2019 by former Twitter CEO Jack Dorsey. Which recently raised $8 million to support its mission and development.
The $13 million funding micro-blogging platform Bluesky received last year had Dorsey on its board.