Sunday June 7, 2020

Jack Dorsey balancing two companies as Square files for IPO

Square’s filing on Wednesday comes little more than a week after Twitter appointed Dorsey to head the microblogging site

14th October, 2015

Square chief Jack Dorsey is having a big week as he returned as chief executive of Twitter and filed for Square’s long-expected initial public offering.

“(The dual role) may at times adversely affect his ability to devote time, attention, and effort to Square,” Square said in the ‘risk factors’ section of its filing with the US Securities and Exchange Commission.

To address concerns about Dorsey’s two jobs, Twitter also...

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