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Twitter co-founder to focus on Square

22 Oct 2012

Twitter co-founder Jack Dorsey said on Tuesday he has relinquished most of his responsibilities at the company to devote more time to mobile payments firm Square.

Dorsey tweeted a link to his Tumblr blog noting that he has cut back on his role at Twitter after returning in early 2011 to head its product team.

He said he returned last year after Twitter chief executive Dick Costolo "asked me to take an operational role overseeing product, design, and brand."

But he added that "our shared goal was to get those organisations back under him as soon as possible, simply because it was the right thing to do for the company."

"We moved all of my reports back under him in January of this year after leadership was firmly in place," Dorsey wrote.

"This allowed me to focus on refining our brand and logo, to work more with Dick and the leadership team on our direction forward, and ultimately return the majority of my time to Square, where I'm the chief executive."

He said he returns to Twitter "on Tuesday afternoons, something I started before taking the interim operational role."

Dorsey said this had not been publicly disclosed "because it's not what people using Twitter every day care about."

Dorsey, who founded Twitter in March 2006 with Biz Stone and Evan Williams, resigned as Twitter's chief executive in 2008 but still holds the title of executive chairman.

Source: AFP via I-Net Bridge

Source: I-Net Bridge

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