Dorsey's Square to become Block

Jack Dorsey has taken a leaf out of Mark Zuckerberg's book, kicking off a company-wide rebrand ahead of a $39bn Afterpay acquisition.

(FILES) In this file photo taken on September 05, 2018 CEO of Twitter Jack Dorsey testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC. - Twitter chief Jack Dorsey backed on January 13, 2021, its ban of US President Donald Trump, but said it sets a "dangerous" precedent and represents a failure to promote healthy conversation on the platform (Photo by Jim WATSON / AFP)

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US payments giant Square will change its name to Block, a move CEO and co-founder Jack Dorsey says reflects the company's growth and increasingly diversified business units.