By WSJ Staff
Block (XYZ): The payments company founded by Jack Dorsey that includes Square and Cash App said Thursday that it plans to lay off 40% of its workforce, or more than 4,000 employees. Shares surged about 30% in postmarket trading.
Dell Technologies $(DELL)$: The technology company's stock jumped 10% in afterhours trading, following a 39% increase in sales, driven in part by growth in Dell's AI server business.
MP Materials (MP): The producer of rare earth minerals posted lower revenue following its decision to cease rare earth sales to China as part of its agreement with the U.S. government. Shares edged lower.
Paramount Skydance $(PSKY)$: Paramount emerged victorious in the fight to buy Warner Bros. Discovery after Netflix $(NFLX)$ said it wouldn't match the David Ellison-led company's latest offer for the iconic Hollywood property. Netflix shares popped about 10% in postmarket trading. Paramount was up about 7%. Warner was down 2%.
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(END) Dow Jones Newswires
February 26, 2026 18:15 ET (23:15 GMT)
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