Square Changing Name to Block to ‘Acknowledge Company’s Growth’-US News | The Epoch Times

Square Inc., the financial services and digital payments company co-founded and led by former Twitter chief Jack Dorsey, is changing its corporate name to Block Inc., it announced in a statement late Wednesday. The name change comes just days after Dorsey stepped down as CEO Twitter, which he helped found in 2006. Twitter named its chief technology officer, Parag Agrawal, as CEO. In Wednesday’s statement, Square said the change will go into effect on or around Dec. 10 and “differentiates the Square brand, which was built for the Seller business, from the corporate entity.” The name change also “acknowledges the company’s growth,” the company wrote, noting that since its founding in 2009 the firm has added mobile payment service Cash App, streaming music service TIDAL, and a bitcoin-focused, open developer platform to create a decentralized exchange, TBD54566975. There will be no organizational changes, and Square, Cash App, TIDAL, and TBD54566975 will continue to maintain their respective brands. Its New …

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