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Vinod Khosla Steps Off Square’s Board In Advance Of Its IPO
Vinod Khosla has stepped down as a director of the San Francisco-based payments company Square as it prepares to go public.Jack Dorsey Owns 24.4% of Square
Square’s newly revealed IPO filing shows that co-founder and CEO Jack Dorsey is the largest shareholder, owning 24.4% of the company. Square last raised capital at a $6 billion valuation, implying that Dorsey’s stake is worth at least $1.46 billion. We will get a better sense of what Square’s value as a public company when its expected share price range is revealed in the… Read More
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Square’s IPO Filing Lists Jack Dorsey’s CEO Role At Twitter As A Risk Factor
Square filed for its initial public offering today — and buried in the company’s boilerplate risk factors was a big one: CEO Jack Dorsey’s relationship with Twitter. Here’s the whole part of the section on depending on key management: “Our future success is significantly dependent upon the continued service of our executives and other key employees. If we lose… Read More
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Twitter Names Jack Dorsey CEO, Adam Bain Becomes COO, Dick Costolo Steps Down From Board
After four months of running under Jack Dorsey interim chief executive, today Twitter finally named him as its permanent leader. The man who helped co-found Twitter in 2006 is now its full-time CEO again. Dorsey is juggling the job with a couple of other roles. In addition to already being the social network’s chairman of the board, he is also the CEO of Square, an e-commerce startup that… Read More
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Square Has Both The Hardware And Software To Help Businesses Of All Sizes
Last week, I visited payments company Square and sat down with its Hardware Lead, Jesse Dorogusker, about much more than hardware. Dorogusker, a former director of engineering at Apple, discussed with me how the company has evolved to much more than a dongle that accepts payments. Read More
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Square Launches Payroll Product For Small Businesses, Pricing Starts At $25/Month
Mobile payment startup Square has been gradually building out the products it offers to small businesses to position itself as a one-stop shop for their various front-of-house and back-office needs. Today sees the latest development on that theme: the company has launched Square Payroll, software for businesses to pay and track taxes and other costs for both hourly and salaried employees.… Read More
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Square Buys Kili Technology For Payment Hardware; HQ To Become Toronto Office
Mobile payments and retail tech company Square has acquired Kili Technology, a Toronto-based startup specializing in silicon, electronic and software design for improvement payment processing. The newly-acquired company will remain in Toronto, which will now act as a second Canadian office for Square, which had previously opened its country HQ in Waterloo, home of one of the most-respected… Read More
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Square Launches Free Chargeback Protection For U.S. And Canadian Sellers
Square, the mobile payments startup that’s been shifting its focus to small business solutions in recent months, announced this morning that it will now cover all Square sellers in the United States and Canada with chargeback protection. That is, when buyers choose to dispute their charges with the business in question, Square will cover those chargebacks for free – up to $250… Read More
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Postmates Picks Up $35M In Series C From Spark Capital
Postmates, the on-demand delivery service that operates in nearly 60 markets, has raised $35 million in Series C exclusively from existing investor Spark Capital, according to sources familiar with the matter.
Postmates is a service that lets users order anything from local stores and have it delivered directly to their home for a small delivery fee. Read More
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Square Cash For iOS Now Lets You Send Money To Nearby Friends Via Bluetooth
Square Cash, the payments company’s mobile money app and competitor to Venmo, has today rolled out a new update that lets users send cash by way of Bluetooth Low Energy (BLE). Called “Nearby Payments,” this new feature works on devices running iOS 8, the company says, and offers an alternative to its previous means of sending money by way of text message, mobile number or… Read More
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