The market reacted because Block showed that they're successful and that they're so bullish upon their future that they were able to cut staff by 40%.
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The market reacted bc a market maker allowed buys to hit the tape instead of otc or ious
The market loves cuts to overhead costs in general. Time will tell.
Im in btc bc od what i learned after gamestop. Markets arent real. The movement isnt real. Supply isnt real. Ita just a money raising vessel for insiders. Dont believe me, he is transcript from the country's biggest (monopoly) market maker telling you the prices arent real. "Ken Griffin has stated that firms like Citadel set the price of securities based on their assessment of where those securities should be valued, emphasizing that active managers play a key role in driving market efficiency through research and trading. In a 2023 speech at the George Washington Symposium, he said: “Markets are efficient because of active managers setting the prices of securities... trying to drive the value of companies towards where we think they should be valued.”