Block’s spending rise despite 40% workforce cut leaves analysts weighing growth prospects

60-second summary

Block's Q2 earnings beat expectations, leaving analysts optimistic about growth prospects, but Mizuho's skepticism lingers due to a 40% workforce cut not translating to reduced spending, with costs still rising. This discrepancy has analysts weighing the company's ability to sustain growth while maintaining profitability, sparking debate on Block's long-term financial strategy.