Thursday, March 10, 2016

If Jack Dorsey Has a Problem Child Among His 2 Companies, It Isn’t Square - The New York Times

So things are going okay, on average... Also see Square Posts Mixed Q4 Results, but Promise of Future Profits Boosts Stock (Re/code)
"On Wednesday, Square posted a 49 percent increase in revenue in its first earnings report as a public company, with sales rising to $374 million in the fourth quarter and beating analysts’ expectations. And while Square’s net loss more than doubled from a year ago, the company, which is based in San Francisco, also highlighted growth in a number of its ancillary software businesses.

Contrast that to the difficulties facing Mr. Dorsey at Twitter. Twitter is struggling to attract more users, while fighting to keep its old ones from leaving. In recent weeks, Mr. Dorsey has also grappled with prominent departures from Twitter’s executive team. And the company must fight off huge competitors like Facebook, Instagram and Snapchat, which are nibbling away at features that make Twitter so delightful to more than 320 million people."
If Jack Dorsey Has a Problem Child Among His 2 Companies, It Isn’t Square - The New York Times
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