for once the CNBC sound-bite does a great job of telling you all you need to know - and without reading past the top 2 bullet points: * Block said Thursday it’

for once the CNBC sound-bite does a great job of telling you all you need to know - and without reading past the top 2 bullet points: * Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count. * Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday’s premarket.