Stock Movers Block Jumps, Trump Media & Technology Up, CoreWeave Slides After Heavy Spending Alarms Investors
Feb 27, 2026
A market roundup that spotlights a major tech firm's sweeping layoffs framed as a bet on AI. Discussion of a media company exploring a corporate spinoff tied to a merger. Coverage of a cloud provider’s widening losses and heavy capital spending that rattled investors.
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Block Bets Big On AI By Halving Staff
- Block is shifting nearly half its workforce to concentrate resources on AI-driven productivity gains.
- Shares jumped as much as 22% after the company cut about 4,000 jobs and framed it as a bet on AI changing labor productivity.
Trump Media Exploring Spin Off After Merger
- Trump Media is exploring spinning off units like Truth Social into a new public company after a planned merger with TAE Technologies.
- The stock ticked up modestly despite being down about 17% year-to-date, signaling limited investor enthusiasm so far.
CoreWeave Hits By Loss And Aggressive CapEx
- CoreWeave reported a larger-than-expected loss and raised capital expenditures, spurring a share drop as investors worry about overspending on AI infrastructure.
- The company is taking on debt and seeking roughly $8.5 billion from banks to finance cloud capacity for Meta.