It has been confirmed that Jack Dorsey will step down as Twitter’s chief executive officer with immediate effect. The company’s chief technology officer, Parag Agrawal, is set to take over the role. Dorsey had been serving as chief executive to both Twitter and digital payments company Square, which Dorsey founded in 2009 alongside Jim McKelvey. […]
Jack Dorsey currently serves as chief executive of both Twitter and digital payments company Square. Twitter stakeholder Elliott Management had sought to take on Dorsey's role in 2020 prior to the investment firm reaching a deal with Twitter's management. At the time, billionaire investor and Elliott Management founder Paul Singer had questioned whether or not […]
Square and Afterpay have entered into a “Scheme Implementation Deed” under which Square will acquire all of the issued shares in Afterpay. The transaction will be paid entirely in stock and is estimated to have a value of $29 billion. Like many other buy-now-pay-later companies, Afterpay has thrived during the pandemic as more shoppers have […]
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