Square Changing Name to Block to ‘Acknowledge Company’s Growth’

Square Changing Name to Block to ‘Acknowledge Company’s Growth’
Jack Dorsey, CEO of Twitter and co-founder and CEO of Square, attends the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Fla., on June 4, 2021. Marco Bello/AFP via Getty Images
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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.
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