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The Latest Breaking News from CashApp

Exclusive: Jack Dorsey’s Block plans more layoffs just days after cuts at Tidal

The company behind CashApp, Square, and Tidal has conducted multiple rounds of layoffs over the last year.

Fortune

Florida cop left his gun in gas station restroom when nature called. It was then sold on CashApp for $40

Chance Byron, 26, and Damari Dennis, 23, claim they found the weapon ‘sticking out of a toilet paper roll,’ according to authorities

The Independent UK

Red Bull might not take Yuki Tsunoda seriously yet, but RB does

Tsunoda was labelled a fast but slightly inconsistent hothead upon his F1 arrival in 2021 at the tender age of 20, going viral because of his expletive-laden radio messages. But with it being easier to calm a fast driver down than it is to make a consistently average driver faster,…

Autosport

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Brickbat: Consider It a Loan

Former federal corrections officer Andy Steven Johnson has pleaded guilty to theft by an employee of the U.S. and wire fraud. While working at the United States Penitentiary in Atlanta, Johnson took an inmate's cellphone, opened CashApp, and sent $300 to his own CashApp account. He later transferred the money…

Reason

How Online Payments Services Like PayPal and Venmo Are ‘Gentrifying the Internet’

CashApp, GoFundMe, & other financial services are cutting off some people that made online payments a reality.

The Street

Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns.

Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps since their funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday

The Independent UK

Block sees higher profits despite lagging Bitcoin sales

Despite the payment provider’s negligible Bitcoin profit, cofounder and CEO Jack Dorsey remains a Bitcoin evangelist.

Fortune

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1099-K Form Reporting Threshold Delay Announced

The IRS announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

People

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