Block spent $68M on a company offsite in September 2025

laying of 50% of your workforce is the obvious solution. next year the party will only be $34 million. repeat that 4 more times and you get down to just over $4 million.

Re: Block spent $68M on a company offsite in September 2025

#7

Post by [deleted] » Fri, Feb 27, 2026, 6:37 PM UTC

npilk wrote: post #3

Just because G&A was up $68m doesn't mean it was all spent on that one party... Edit: never mind, the report clarifies that without the party expense G&A would have been flat YoY.

[deleted]

Re: Block spent $68M on a company offsite in September 2025

#8

Post by pavel_lishin » Fri, Feb 27, 2026, 6:41 PM UTC

Food $200

Data $150

Rent $800

Party $68,000,000

Utility $150

someone who is good at the economy please help me budget this. my company is dying

Re: Block spent $68M on a company offsite in September 2025

#9

Post by fhd2 » Fri, Feb 27, 2026, 6:43 PM UTC

rsynnott wrote: post #4

... That's $7,000 per employee. I want to hear more about this party :D

I got curious as well, because the craziest party poor me can imagine would clock in at maybe half that, including travel. All I could find:

> The three-day festival in downtown Oakland featured performances by Jay-Z, Anderson .Paak, T-Pain, and Soulja Boy, and brought 8,000 employees from around the globe.

So that'd make it 8.5k per person. Building stages, paying permits, hiring acts like these, I bet that's where it mostly went.

Re: Block spent $68M on a company offsite in September 2025

#10

Post by rwmj » Fri, Feb 27, 2026, 6:44 PM UTC

andersmurphy wrote: post #5

I'm curious how much they lost in the bitcoin crash.

Lost $234 million on that according to https://archive.ph/09kZr (link goes to FT.com)