Mike Montiero on the news that Block (a payments company run by Jack Dorsey) shares are soaring after it slashed staff by 50%:

Dorsey’s latest chewtoy, has laid off 4,000 people. Which made its stock rise 24%. When 4,000 people lose their livelihood, their ability to pay their rent, their ability to go to the doctor, their ability to look out for their children, and the system that we live under cheers that on… That system needs to be destroyed.