Square reported a widened loss during the fourth quarter of 2015 as transaction expenses and other related costs burdened its balance sheet. The company reported a 49% increase in quarterly revenue.
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Jack Dorsey will be the next product boss. Jack Dorsey, the creator of Square and Twitter, will be able to infuse bold product modification which has been lacking at the company.
Four executives are reported to take a departure from the social media company as part of a major restructuring plan by the new CEO Jack Dorsey. In addition to those asked to leave, some other executives have already stepped down out of pressure.
Twitter CEO Jack Dorsey gives away a third of his stock in the online messaging service to employees. The move, seen by many as an effort to win staff support, comes just a week after Dorsey laid off more than 300 employees or 8% of Twitter's workforce to streamline the company.
Twitter CEO Jack Dorsey said he wants to "reset" the company's fraught relationship with its developers during their annual developers conference in San Francisco Thursday.
SanFrancisco-based financial services company Square has announced the appointment of Jacqueline Reses, outgoing chief development officer of Yahoo, as its head of its business financing division Square Capital. Square is in the process of going for an initial public offer (IPO). Square wants to send a message to the capital market that how strong is its top managerial board. The hiring of Reses will enable Square Capital to tap potential areas of business growth where traditional business firms ignore.
A San Francisco-based payment startup, Square Inc. had filed to go public on Wednesday and according to its regulatory filing, the company will offer around $275 million in stock. The company which is run by Twitter Inc. co-founder, Jack Dorsey is currently valued at a total $6 billion in valuation.
Twitter is planning some improvements to grow its users and encourage posts. One of the plans includes taking off the 140-character restrictions. Twitter management wants to revamp the micro-blogging site. One feature they wanted to improve is the 140-character post limit. Though Twitter keeps mum about it, the news from Re / Code said it comes from a very reliable source.
It's hard to imagine tech giants getting worse than ever. But this dreadful scenario recently happened to a popular social media platform, Twitter, as its stock price fell lower than it was when the company first went public.
Twitter could be in the crosshairs of acquisition attempts from other technology companies should the microblogging stalwart fail to reverse the freefall its stock prices have caught in.
Twitter released Tuesday its second quarter financial results, and while they met Wall Street expectations they were not impressive enough for investors.
Twitter Inc (TWTR.N) Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors.
Although Google reportedly considered San Francisco, US-based mobile payments system Square Inc as a potential acquisition or merger candidate, the latter denied reports that it has entered acquisition talks with search giant.
Twitter executives said that they had no plans to sell their holdings in the social media platform, reported Bloomberg.
Former Amazon Web Services executive Alyssa Henry joins Square Inc., a crucial move following the company's announced public debut within this year.