Jack Dorsey

Jack Dorsey9 posts

Jack Dorsey is an American businessman and web developer born in 1976 in St. Louis, Missouri. He is the co-founder of Twitter, as well as the CEO and founder of the mobile payments company Square.

14 Oct, 2015

Files for IPO

Financial Report

An SEC filing (document) reveals the company is officially seeking an initial public offering, as well as financial information: In the first half of 2015 Square took losses of $77.5 million on revenue of $560.5 million. In 2014, the company reported gross payment volume of $23.78 billion. The filing reveals retail the biggest source of transactions for the company constituting 21 percent of its gross payments volume. Other sectors include services, food, beauty, contractor, and transit. The filing also says Dorsey’s role as the CEO of Twitter and Square is a risk factor:

Jack Dorsey, our co-founder, President, and Chief Executive Officer, also serves as Chief Executive Officer of Twitter. This may at times adversely affect his ability to devote time, attention, and effort to Square.

4 Aug, 2015

Shares fall

Financial Report

Twitter shares plunge on the New York Stock Exchange, dropping 5.6% to $29.27 which is the lowest level ever. The share price has fallen a total of 45% in four months. Co-founder Dorsey:

We haven’t done a great job at aligning the entire company around our total audience strategy.

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