Quote · God Mode Podcast
Jack Dorsey Fired Half of Block. The Stock Pumped 30%. AI Is Replacing Your Job. | GodModePod EP02
Where this was said
Stock Market Reactions: Adobe, IBM, Atlassian & Figma Under Pressure
At 14:14 · chapter starts 13:20
Security sector stocks fell 10% immediately after Claude announced it was offering security audit capabilities.
Luca is self-building tools he used to pay SaaS subscriptions for, using AI to write custom code in hours. For new businesses starting from scratch, this kills the SaaS business model at the root. Legacy companies are the only thing keeping SaaS alive.
Ben's breakdown showed Cash App accounts for 55% of Block's gross profit, with its network-effect model making it more resilient to AI disruption.
