Jack Dorsey Archives - CFO

Square to Buy Installment Lender Afterpay for $29B

Square to Buy Installment Lender Afterpay for $29B

The deal will create “a transactions giant that will battle banks and tech firms" in the fast-growing "buy now, pay later" market.

By Matthew Heller | August 2, 2021

Square Building Fintech Company With ‘Primary Focus on Bitcoin’

Square Building Fintech Company With ‘Primary Focus on Bitcoin’

CEO Jack Dorsey said the business will be dedicated to “decentralized financial services” using bitcoin.

By Lauren Muskett | July 16, 2021

Square CEO Opposes FinCEN’s Proposed Crypto Rules

Risk & Compliance

Square CEO Opposes FinCEN’s Proposed Crypto Rules

Jack Dorsey says the new rules will drive cryptocurrency users to use unregulated third-party wallets, including ones hosted outside the United States.

By Lauren Muskett | January 5, 2021

Twitter CEO Survives Elliott Ax as Company Offers Concessions

Twitter CEO Survives Elliott Ax as Company Offers Concessions

Jack Dorsey has been serving as chief executive since founding the social media platform in 2006.

By Lauren Muskett | November 3, 2020

Tech Execs Face Questions on Immunity Law

Risk & Compliance

Tech Execs Face Questions on Immunity Law

The heads of Facebook, Twitter, and Google said changes to Section 230 could change how they moderate content.

By Lauren Muskett | October 28, 2020

Major Twitter Accounts Hacked for Bitcoin Scam

Major Twitter Accounts Hacked for Bitcoin Scam

Twitter says "a coordinated social engineering attack ... successfully targeted some of our employees with access to internal systems and tools.”

By Matthew Heller | July 16, 2020

Twitter to Appoint Former Google CFO as Chairperson

Risk & Compliance

Twitter to Appoint Former Google CFO as Chairperson

The appointment comes three months after Elliott Management hedge fund pressed for the ouster of Twitter CEO Jack Dorsey.

By Lauren Muskett | June 3, 2020

Twitter Makes Deal With Activist Investor Elliott

Risk & Compliance

Twitter Makes Deal With Activist Investor Elliott

The agreement averts a battle over Twitter CEO Jack Dorsey's leadership but "lays the groundwork for eventually replacing" him.

By Matthew Heller | March 9, 2020

Activist Pushes for Removal of Twitter CEO

Activist Pushes for Removal of Twitter CEO

Twitter shares jumped on reports that Elliott Management is seeking to replace Jack Dorsey because he also runs Square.

By Matthew Heller | March 3, 2020

Square Shares Dip 6% on Weak Q1 Guidance

Financial Performance

Square Shares Dip 6% on Weak Q1 Guidance

Slower sales growth also weighed on the stock but "new products and services can provide a second wind to growth as the year progresses."

By Matthew Heller | February 28, 2019

Square Hires Blizzard’s Amrita Ahuja as CFO

Square Hires Blizzard’s Amrita Ahuja as CFO

“I believe Square is building the most innovative commerce ecosystem for sellers and consumers," Ahuja says.

By Matthew Heller | January 4, 2019

Square CFO Friar Moves to Nextdoor’s Top Job

Square CFO Friar Moves to Nextdoor’s Top Job

Sarah Friar's six years at Square included an IPO — an experience she may repeat as CEO of social network Nextdoor.

By Matthew Heller | October 11, 2018

Twitter Reorganizes, Names New Product Boss

Twitter Reorganizes, Names New Product Boss

Kayvon Beykpour will oversee product as Twitter switches to "a pure end-to-end functional organization."

By Matthew Heller | June 29, 2018

Twitter Moves Into the Black With $91M Profit

Twitter Moves Into the Black With $91M Profit

The fourth quarter "was a breath of fresh air for investors that have patiently awaited for this turnaround story to manifest after years of pain."

By Matthew Heller | February 9, 2018

Square Revenue Jumps 33% to $585 Million

Financial Performance

Square Revenue Jumps 33% to $585 Million

The payments company's top-line growth was driven by a 31% increase in gross payment volume to $17.4 billion.

By Matthew Heller | November 9, 2017