jack dorsey
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Square continues its stellar stock market run
Square, the payments processing company founded by Jack Dorsey, reported its second quarter earnings after the bell on Wednesday. After beating expectations, the stock quickly went up 4% in initial after hours trading. Square reported revenue of $552 million, when analysts were forecasting $536 million. It’s also up 26% from the same period last year. The company still lost money at… Read More
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Twitter’s user growth goes nowhere and the stock is collapsing
The small nice-ish story Twitter had going for itself for the past few quarters was that, at the very least, its monthly active users were growing quarter-over-quarter. While MAUs might not be the right number to look at these days, for better or worse it’s one of the core metrics that Twitter is judged on for now — and that didn’t pan out when it reported its earnings today… Read More
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Twitter’s new CFO is getting $15 million in stock
Twitter has announced that it’s hired a new CFO. Ned Segal is joining the company from Intuit, where he was senior vice president of finance. He also has investment banking experience, having spent 16 years at Goldman Sachs. This could come in handy if Twitter decides to sell themselves. (Just saying!) Read More
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Twitter hires a new GM of revenue products
Meanwhile, at Twitter HQ, the leadership revolving door at the entrance stops spinning clockwise for just a moment as a new face enters the building… Twitter CEO Jack Dorsey today announced that the company has hired Bruce Falck, previously the CEO of adtech firm Turn, as its head of revenue product. Read More
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Twitter co-founder Biz Stone is returning to the company
Biz Stone, one of the co-founders of Twitter, just announced that he’s returning to the company he helped start. Stone left Twitter to pursue new projects in 2011. Read More
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Twitter announces new live shows from the WNBA, BuzzFeed, Viacom and more
Looks like Twitter’s streaming video news deal with Bloomberg was just the first of more than a dozen content partnerships that it’s announcing today. The company unveiled the full slate at the NewFronts, where online publishers pitch their content to advertisers. (This was the first time Twitter’s held its own NewFronts presentation.) Read More
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Jack Dorsey just spent $9.5M buying more Twitter stock
Jack Dorsey is at it again — after purchasing $7 million in Twitter stock back in February, the Twitter CEO bought another $9.5 million today. After making his purchase, Dorsey posted the news on Facebook Twitter, sparking a one percent gain in the company’s share price in after-hours trading. According to an SEC filing, Dorsey purchased 574,002 shares of Twitter stock… Read More
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Twitter shares spike 10% after it delivers a much-needed earnings beat
Twitter delivered a surprising and much-needed positive quarterly earnings report this morning — and it’s finally seeing some positive moves in its stock price. That’s going to be important going forward, as the company needs to convince Wall Street it can stay independent and also attract talent. Twitter, as we’ve seen time and again, reports a huge stock-based… Read More
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Peter Fenton is leaving Twitter’s board of directors
Benchmark partner Peter Fenton, who had been on Twitter’s board since 2009, will not seek re-election after his term expires in 2016, according to a new filing with the Securities and Exchange Commission. Read More
Latest Crunch Report
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Dear @Jack, I don’t love Twitter anymore
Oh how innocent we were. How full of hope for the possibility of a 140-character microblogging service. For the joy it could bring, and the good we could do together. Now I look back and I just feel numb. Read More
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Square beats the street thanks to growth of new products
While Twitter continues to struggle as a public company, Jack Dorsey’s other business seems to be doing pretty well. Today payments company Square announced earnings, beating the street with a narrower loss than expected — $0.04 per share — on revenues of $452 million for the fourth quarter 2016. Read More
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Dorsey: Twitter still has “a long way to go”
Twitter co-founder and CEO Jack Dorsey spoke on stage with COO and CFO Anthony Noto at the Goldman Technology Conference in San Francisco on Wednesday. The leaders of the social media giant reiterated Twitter’s mission as a real-time information platform and spoke of its latest accomplishments, but also talked about the challenges of growing what is already a widely-used site. “We… Read More
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Jack Dorsey says he’ll continue running both Square and Twitter
As Twitter’s growth continues to stall and increasingly becomes an issue, Twitter CEO Jack Dorsey’s double-time running both Twitter and Square has become a big question mark — and Dorsey says he’s staying the course. “This focus, and this team, allows me and gives me a lot of confidence I can continue to focus on the meaningful things at both companies and we… Read More
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Twitter’s advertising business is stalling
Twitter may have re-oriented itself and laid off part of its workforce to streamline its business, but it still doesn’t look like it is bringing in enough money to keep Wall Street happy. Here is the biggest data point from the company’s fourth-quarter earnings report: according to the company, advertising revenue totaled $638 million, which was down slightly year-over-year. A… Read More
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Jack Dorsey apologizes for Twitter glitch forcing some users to follow Trump’s @POTUS
Twitter chief Jack Dorsey today apologized for what he says were technical problems causing some Twitter users to involuntarily follow the @POTUS account as it was handed over to Donald Trump. As Sarah Perez reported here yesterday, Twitter users were bewildered as to why they were forced to follow the Trump @POTUS account, and many accused Twitter of doing the new administration’s… Read More
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Twitter’s CTO Adam Messinger is leaving the company along with VP of product Josh McFarland
Twitter CTO Adam Messinger, who has been the company’s CTO for almost four years and with the company for five years, said today he was leaving the company. Twitter VP of product Josh McFarland is also leaving to join Greylock Partners. Messinger made the announcement in — no surprise — a tweet: After 5 years I’ve decided to leave Twitter and take some time off. Read More
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Are encrypted direct messages coming to Twitter?
Following his chat with whistleblower Edward Snowden, @Jack dropped a hint about what privacy features might be in the cards for Twitter. In the tweeted exchange, Dorsey and Snowden continued the conversation that streamed on Periscope Tuesday, veering back to the topic of Twitter itself. When Snowden asked if Twitter might consider making the platform’s private messages more secure… Read More
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Edward Snowden says “the central problem of the future” is control of user data
Twitter CEO Jack Dorsey interviewed Edward Snowden today, and the big topic was technology. During the Q&A (which was broadcast live from the Pardon Snowden Periscope account) Snowden discussed the data that many online companies continue to collect about their users, creating a “quantified world” — and more opportunities for government surveillance. “If you are… Read More
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Crunch Report | Facebook Builds a Censorship Tool
Facebook builds a censorship tool so it could not be banned from China anymore, Twitter suspends Jack Dorsey’s Twitter account, your headphones can be hacked to listen to you, MIT creates artificial muscles and Ditto is now in Pokémon GO. All this on Crunch Report. Read More
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