Block wrote the best argument for killing middle management, then proved why you shouldn’t trust them to do it 🎭; Claude is now running a $50K portfolio with no humans 🤖; Monzo leaves US 🇺🇸

FinTech is Eating the World, 2 April

Hey Everyone,

Good morning & happy Thursday! Today’s issue is incredibly packed as we’re diving into Block, which wants to replace middle managers with AI (why their argument is brilliant, yet Block shouldn’t be trusted here + bonus deep dive into where AI market is headed based on the latest VC funding & startup pitches, and how to productize yourself in the Age of AI), Claude that’s now running a $50,000 portfolio with ZERO human override (what it’s all about & why it indicates where financial markets are headed + deep dive into Claude Code’s leaked source code that’s a blueprint for the future of AI & a full guide on how to turn Claude in Excel into your senior financial analyst), and Monzo, which just quit America so it can win Europe (why it’s the right move for Monzo & what to expect next + bonus deep dive into Revolut’s latest 2025 financials inside). Let’s jump straight into the awesome stuff 🌶️

Block wrote the best argument for killing middle management, then proved why you shouldn’t trust them to do it 😳🎭

Following the trends 🤖 Five weeks after cutting 4,000 employees, Jack Dorsey and Sequoia’s Roelof Botha published a 3,000-word essay arguing that hierarchy is an information-routing protocol, and AI can replace it.

They’re right about the theory. But Block XYZ 0.00%↑ is the wrong company to prove it.

Let’s unpack why, understand what this is really all about, and what to expect next.