Announcing his resignation from Twitter, which he was the founder of, surprisingly the other day, Jack Dorsey changed the name of his other company, Square. Square’s new name is ‘Block’.
There has been great activity in the social media giants lately. In the past weeks, the parent company ‘Facebook’, the parent company of Facebook, Instagram and WhatsApp, had changed its name to ‘Meta’. in the past day Jack Dorsey, founder and CEO of TwitterSurprisingly, he left the company by announcing his resignation.
The developments about Twitter founder Jack Dorsey did not end there. Finally, making a statement at night, Jack Dorsey, the digital payment company he is the founder of. They changed Square’s name announced. San Francisco-based Square’s its new name is ‘Block’ announced.
They followed a similar strategy with Facebook
In the statement shared by Square, it was stated that the name change will allow to separate the corporate entity from its business. The company said this was after Facebook changed its name to ‘Meta’ last month. a similar strategy declared that. Finally, the company stated that there will be no changes in the organization and that Square, Cash-App, Tidal and its Bitcoin-focused financial services division TBD54566975 will keep their brands in the same way.
Explaining the meaning of their new name, Square said the new name is the building blocks for them, such as neighborhood blocks, blockchain technology, a section of code or obstacles to overcome. has many meanings expressed.
RELATED NEWS
You Wouldn’t Have Missed Out: A 100 Percent Increase Is Expected For Market Bags
The only name change under Square has not been in Square:
Renamed parent company Square to ‘Block’, as well as a team “dedicated to improving Bitcoin” Square Crypto is also changing its name to Spiral.
Square’s new name is Block, From 10 December 2021 will be valid.
Source :
https://www.reuters.com/technology/dorsey-led-square-rebrands-block-2021-12-01/