James Revell

Team member @tdm_growth, ex-CSO @tyro

[James Revell @jamrevell]

@FintechKristen Open banking / plaid connectivity for visibility into other accounts that moneybot can also read/advise on?

[jack @jack]

our lead independent director @roelofbotha and i wrote about the history of organizational structures, and our intent to rebuild block as a mini-AGI. https://t.co/emGicpn9xr

[James Revell @jamrevell]

NB Accounting revenue for $XYZ is misleading. ~1/3 rev is essentially a pass-through from facilitating buying/selling BTC on behalf of customers. BTC accounting rev has been in decline, creating a headline rev headwind. This GP contribution is de minimis (<1% of GP eFY26).

[James Revell @jamrevell]

Block $XYZ has copped a lot of heat since 4Q25 earnings. People are claiming that AI was a pretext for the ~4k person reduction - a kneejerk reaction to slow growth, an inefficient org & a threatened moat. Whilst not wanting to ruin a good story with facts, let's look at some 🧵:

[James Revell @jamrevell]

12/12 No doubt many companies will use AI as a guise to clean up mistakes & obfuscate crumbling moats. However, the facts simply don't support the view that $XYZ's move was a kneejerk response to slowing growth and inefficiency, or a concession to a shrinking moat.

[Ed Cowan @eddiecowan]

There is a cultural revolution going on at @blocks - recapturing the start up entrepreneurial DNA while operating at massive scale.

At the heart of this has been a few key figures, one of which is @owenbjennings, who has been at the forefront of the new product velocity

[James Revell @jamrevell]

@emcross23 excellent summary

[James Revell @jamrevell]

@PEoperator @TDM_Growth Thanks!

[James Revell @jamrevell]

@kaarmann Possibly. I suspect the bigger causation was the introduction of credit card interchange caps in Jul-2017 which basically rid the country of Amex companion cards & generous FF rewards driving users away from credit cards. Surcharging laws changed in Sep-17 to limit surcharges