Jack Dorsey’s $68M Party, 4K Layoffs, and the AI Excuse: A Tale of Madness

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Behold, the tempest of fiscal folly: Jack Dorsey, in his September 2025 bacchanal of excess, spent $68.1 million on an in-person Block event-enough to sustain 200 souls for a year-only to cast 40% of his workforce into the abyss five months later. A spectacle of hubris, or the fevered dream of a man grasping at salvation through AI?

The storm of condemnation rages on, a tempest of moral inquiry and fiscal derision. The Twitter co-founder, now Block’s beleaguered helmsman, dances on the precipice of Silicon Valley’s gilded gallows, where corporate strategy is but a threadbare cloak over existential despair.

Block’s $68 Million Carnival, 4,000 Ghosts, and the AI Alibi: Did Dorsey Redefine the Apocalypse?

With the fervor of a zealot, Dorsey declared war on gradualism, claiming that only a “decisive cut” could birth Block’s future. “100 people + AI = 1,000 people,” he proclaimed, as if conjuring armies from the ether. Yet one wonders: does this alchemy of reduction and machine truly mend the fractures of a soul adrift in a capitalist desert?

Wall Street, ever the fickle lover, clapped its hands in delight as Block’s XYZ stock surged 20-23%, gifting each dismissed employee $1.5 million in phantom value. A cruel jest, perhaps, or the universe’s way of whispering, “Here lies the cost of your ambition.”

Block’s $68 Million Carnival and the Howl of Condemnation

Jack Dorsey, that modern-day Don Quixote, tilts at windmills with his three-day festival in Oakland-a cacophony of Jay-Z, Anderson .Paak, and T-Pain, while 8,000 souls danced under the shadow of their own obsolescence. The ledger? A $68.1 million wound in the company’s books, a scar that whispers of madness.

Block exiled 4,000 souls.

A third of its body, severed in one breath.

The excuse? AI, that savior and scapegoat.

Yet what of the $68 million spent on revelry, a feast for the privileged while the dispossessed faced the void?

– StockMarket.News (@_Investinq) February 27, 2026

The critics, with the fervor of prophets, decry this as a parable of excess and avarice. The party, a monument to the delusion that celebration could drown the stench of mismanagement. The layoffs, a purgative too late, too sharp, too theatrical.

CRAZY, they say.

$68 million for a party, then 4,000 ghosts.

The arithmetic of madness, or the calculus of a man who forgot that numbers cannot fill the void of a soul unmoored.

– Bull Theory (@BullTheoryio) February 27, 2026

“Yes, I erred,” Dorsey intoned, “building two towers instead of one. But the lending, the banking, the BNPL-these are the crossroads of our fate. Efficiency, fourfold! We are no mere mortals, but titans of productivity!”

Yet the chorus of doubt persists. Is this AI-washing, a mask for the rot of overhiring and bloated egos? Or a new gospel, where machines replace men, and the market bows to the altar of algorithmic efficiency?

“Some,” Sam Altman mused, “use AI as a shield, a convenient lie to veil their own incompetence. A modern-day alchemy, turning leaden decisions into golden lies.”

Balaji Srinivasan, that prophet of progress, sees a renaissance: AI as the sword that slays bloat, the herald of a leaner, meaner epoch. Yet even he cannot deny the bitter irony of a $5,000 severance check for those whose labor built the empire now crumbling.

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2026-02-27 12:07