Business | Schumpeter

Should Jack Dorsey combine Twitter and Square?

Twitcoin, anyone?

FOR A MAN of creative genius, monkish calm and austere wabi sabi aesthetic, Jack Dorsey is remarkably good at making investors mad. Scott Galloway, a podcaster and business-school professor, has raged on air to have him sacked from Twitter, which Mr Dorsey co-founded and runs, and in which Mr Galloway owns shares. Wall Street showed similar apoplexy on March 4th when Square, his other co-creation, offered almost $300m to buy a weak music-streaming service founded by Jay-Z, the rapper who is one of Mr Dorsey’s buddies. In one day Square’s value plunged by over $7bn. As Vox, an online news site, put it: “WTF?”

This article appeared in the Business section of the print edition under the headline “Jack Dorsey’s split personality”

Biden’s big gamble: What a $1.9 trillion stimulus means for the world economy

From the March 13th 2021 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Business

Sam Altman, chief executive of OpenAI, Masayoshi Son, SoftBank Group CEO, and Larry Ellison, chairman of Oracle Corporation and chief technology officer, listen as President Donald trump speaks during a press conference at the White House.

A $500bn investment plan says a lot about Trump’s AI priorities

It’s build, baby, build

A surreal scene with a striped bowl holding the Statue of Liberty's torch, surrounded by floating, distorted faces and small planets.

Donald Trump’s America will not become a tech oligarchy

Reasons not to panic about the tech-industrial complex


A simple robot face with rolls of cash as eyes. The robot has a smiling mouth and a small antenna on top. The design is minimal, with black outlines on a light background.

OpenAI’s latest model will change the economics of software

The more reasoning it does, the more computer power it uses


TikTok’s time is up. Can Donald Trump save it?

The imperilled app hopes for help from an old foe

The UFC, Dana White and the rise of bloodsport entertainment

There is more to the mixed-martial-arts impresario than his friendship with Donald Trump

Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?

Donald Trump’s return to the White House may have changed Tesla’s plans