Extra, Extra

Block of Sh-t: “We’re not making this decision because we’re in trouble. Our business is strong. Gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. But something has changed.” Jack Dorsey’s Block lays off 4,000 and blames AI. If humans are stupid enough to believe Block’s layoffs are not actually about over-hiring, mismanagement, and a flat stock price over the last four years, maybe we really do need AI to take over. But that obvious reality didn’t stop the market from celebrating Block’s announcement. Expect to see a lot more of this. “Wall Street rewards CEOs who make steep cuts and attribute those cuts to AI. That could embolden other management teams to follow suit.” As I wrote yesterday, news like this is why it’s not just the tech we don’t trust. It’s the technologists.

+ Church and Seizure: “The Trump Justice Department secured a new indictment charging 30 more people in connection with an anti-ICE protest at a church in St. Paul, Minnesota, in January.” Killing innocent people, ok. Protesting those killings, not ok.

+ Hasta La Vista, Babies: “Not so long ago, women like Ms. Paz — in their early 20s, from backgrounds that are far from privileged — would have been among the most likely to be having children. Now this group is a key contributor to the country’s declining birthrate, which is at an all-time low, down by over 25 percent since 2007, the year the fall began.” The Birthrate Is Plunging. Why Some Say That’s a Good Thing. (And why some are freaking out.)

+ Look Younger? “As brands sell children eyeshadow, lip gloss and skincare, parents face a dilemma: How young is too young to expose children to beauty?” WSJ (Gift Article): 6-Year-Olds Want Makeup. These Brands Are Cashing In.

+ The Kreme Always Rises: Ozempic and other weight loss drugs have drastically changed our eating habits. But don’t count out the carbs just yet. Krispy Kreme Shares Jump as Turnaround Gains Traction.