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Twitter Chairman Jack Dorsey Speaks At Techonomy Detroit

Square Q4 loss widens as transaction expenses offset revenue increase

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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Vanity Fair New Establishment Summit - Day 2

Twitter CEO Jack Dorsey is new product head

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.

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Apple

Apple is planning to enter peer-to-peer payment market

Apple is planning to make sure its iPhone users to continue using the company's latest payment service, Apple Wallet through the use of peer-to-peer payment service.

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Amazon.com

Amazon to Shut Down mPOS Register by Feb 2016

Amazon will close its mobile point-of-sale system Amazon Register, and users only have until Feb 1, 2016 to switch to another service provider. Bidnes Etc reported that Amazon.com, Inc, which was just launched last year, is considered unsuccessful. The company no longer welcomes new registration for the mPOS. It will close down after February 1, but it will still provide transaction histories until February 28, 2016.

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Twitter

Twitter CEO earns brownie points with stock giveback

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.

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Jacqueline Reses

Square picks Jacqueline Reses ahead of IPO

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.

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Silicon Valley

Silicon Valley IPO market logging off fast

Gone are the days when boom time for technology initial public offerings (IPOs) that showered money on technology companies and startup coupled with huge valuations for investors. Now the situation is totally different on renewed concerns about possible technology bubble burst following the IPO market in Silicon Valley is fast losing its sheen. The dwindling down of market valuations is forcing many companies to cancel their IPOs or postpone the issue dates which affects the US capital market.

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Computer user

Square suffers $5.7mn loss from single seller, files IPO

Payments startup Square, e-Commerce organization run by new Twitter CEO Jack Dorsey, is going for an initial public offer (IPO) and mentions in the filing to Securities Exchange Commission (SEC) that the fraud could be a major hurdle for it. Square was target of hacking as a single seller used its payment services resulting in a huge loss of $5.7mn for the e-Commerce startup. The automated global payment system and the liquidity of Square were the major reasons why it was the target for illegal or improper use.

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PayPal

PayPal spawn have advanced where PayPal stood still

PayPal's biggest threat as it prepares to split from eBay (EBAY.O) next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

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Amazon CEO Jeff Bezos

Amazon.com builds brick-and-mortar presence with card-swiping device

Amazon.com Inc (AMZN.O) unveiled a $10 credit-card reader and mobile app for brick-and-mortar businesses on Wednesday, marking the latest step by the U.S. online retailer to expand its presence in the physical world.

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iZettle Homepage

iZettle dances with $55.5 million Series C round for Latin America and European Expansion

iZettle, Swedish mobile company, pockets $55.5 million in a series C round led by Zouk Capital with other participants such as Dawn Capital, Intel Capital, Creandum, Greylock, Index, Northzone, and SEB.

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Oculus VR

California's Oculus VR receives The Crunchie for being the Best Hardware Startup

Irvine, US-based startup Oculus VR took home the award for the Best Hardware Startup of the year during the 7th Annual Crunchies of TechCrunch for its breakthrough Oculus Rift VR headset.

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OpenTable

OpenTable launches private beta for dining payments service in San Francisco

San Francisco, US-based online real-time restaurant reservation service OpenTable launched a private beta of its dining payments service for 11 restaurants in San Francisco, with new restaurants to be added soon.

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Square Inc

Washington University professor sues Square for patent infringement

Washington University associate professor of engineering Robert Morley sued Square co-founders Jim McKelvey and Jack Dorsey for fraud and patent infringement, claiming he was wrongly left off a patent for the attachable credit card reader device.

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PayPal

Paypal executive Mike Liberatore leaves firm to become CFO of San Francisco payments startup Clinkle

Mike Liberatore, the former head of Paypal's enterprise and North American financials, left the company to become the new Chief Financial Officer (CFO) of San Francisco, US-based payments startup Clinkle.

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