I guess, but it feels more than a little like calling Amazon a video streaming company. I don’t think someone who understood that Block is Square would identify it this way.
In 2022 at the peak of cryptocurrency mania, when the market for bored ape NFTs was worth a billion dollars, Dorsey decided to pivot away from the point-of-sales business, develop a bitcoin hardware wallet, develop a bitcoin mining chip, and rename the company from Square to Block.
Completely understandable decision at the time. Who wouldn't want a piece of that action?
But we can't retcon the pivot out of existence just because the blockchain hype has cooled off.
