Square, now known as Block, is a financial service and digital payments company owned by institutional investors such as Jack Dorsey, Morgan Stanley, The Vanguard Group, Inc. BlackRock, and T. Rowe Price. Jack Dorsey, the CEO, owns 12.7% of the company, while the top five institutional investors collectively own roughly 34%. Square was founded in 2009 with the goal of providing small and medium businesses with a simple and modern point-of-sale system for accepting credit card payments. As of 2021, Square‘s annual revenue was reported to be $17.66 billion, and the company has approximately 8,500 employees.