Jack Dorsey is no longer the CEO of financial services firm Block, now, the executive calls himself “Block Head.”
Dorsey cofounded Square in 2009, and the company changed its name to Block in December.
The news apparently excited Musk, who tweeted late Saturday with two fire emojis, while referencing Dorsey’s new title. The Block CEO responded with a crown emoji and asked whether Musk dropped the “Techno.”
A very real regulatory filing with the Securities and Exchange Commission reflects how no, this play on the term “blockhead” is not a joke. Yet like Elon Musk – who declared himself “Technoking” in March 2021 – the change may indeed be for the lolz.
“There will be no changes in Mr. Dorsey’s roles and responsibilities, and he will continue to serve as principal executive officer of the Company,” the filing reads. Brutally, the filing also notes that the change was made “at his request.”
Dorsey has long preferred titles such as “head” or “lead” to designations like “senior vice president.” According to Protocol, except for Block CFO Amrita Ahuja, all of Block’s executives are “leads.”
Dorsey gave up the CEO title at Twitter last year and has said he will soon step down from its board, where he has served as a director since the company’s earliest days. That’s the same board that he thinks is marred by “dysfunction,” which, well, takes one to know one.
According to the filing, the change happened at Dorsey’s request. While replying to Dorsey on microblogging site Twitter, tech billionaire Elon Musk called Dorsey’s new title ‘fire’.
The beginnings of this social network
A semester away from graduating from New York University,Jack Dorsey decided to abandon his studies to launch the idea he had in mind. Together with Christopher Stone, the social network was born with the idea of being a microblogging in real time.
Gradually its popularity grew to the point of having more than 300 million active users, and by 2008, the Massachusetts Institute of Technology (MIT) ranked the company among the world’s top 35 innovators.