Tag: Jack Dorsey

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  • Twitter executive

    Four top Twitter executives are leaving the company

    Twitter is losing four of its top executives. The company announced on Sunday that product chief Kevin Weil, head of engineering Alex Roetter, Katie Jacobs Stanton, VP of global media and Skip Schipper, VP of human resources, were all taking their exit. CEO Jack Dorsey confirmed the departures, saying the four would be “taking some well-deserved […]

  • Jack Dorsey Net Worth

    Jack Dorsey’s net worth has lost $500 million in the last 12 days

    Jack Dorsey was supposed to step in and save Twitter while simultaneously serving as the CEO at newly public company Square. In the last 12 days Jack Dorsey’s net worth in terms of “paper losses” between the two companies reached $500 million. Dorsey’s stake in Twitter has plunged more than $165 million or nearly 35% […]

  • Square IPO

    Square Sets IPO Price At $9 For $2.9 Billion Valuation

    Mobile payments company Square priced it shares at $9 late on Wednesday. Based on that price the company values itself at $2.9 billion. Square has raised $243.5 million on the private market. The company’s valuation signals a 52 percent drop from the $6 billion valuation it had earned at its last private funding round. San […]

  • Square Mobile Payments

    Square Is Expecting A $400 Million IPO

    Mobile payments company Square is hoping to raise between $11 and $13 per share when its IPO debuts. Based on those expectations the company is hoping to grab $403.7 million from investors.   The Jack Dorsey-led company filed an initial target of $275 million on October 14. Square said in a regulatory filing it would […]

  • Jack Dorsey Giving One-Third of his stock to employees

    Jack Dorsey Is Giving One-Third Of His Stock To Employees

    Twitter Chief Executive Officer Jack Dorsey is giving one-third of his company stock back to his employees, a move valued at nearly 1% of the company’s outstanding shares.  Dorsey is planning to place those shares into the employee equity pool. The move will “reinvest directly in our people,” Dorsey said. Dorsey was named Twitter’s permanent […]

  • Twitter Layoffs

    Twitter Laying Off 8% Of Its Employees

    It’s official: after much speculation as to how co-founder and newly-appointed permanent CEO Jack Dorsey would remake Twitter, he announced late Tuesday that the company would be laying off 336 employees or 8% of its workforce. In a memo to employees released on Tuesday, Dorsey said the restructuring plan adopted by the board would focus […]