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Stock rout demotes Twitter CEO Jack Dorsey from billionaire to millionaire

Discussion in 'Market News' started by Lily, Jan 20, 2016.

  1. Lily

    Lily Forum Member

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    With both Twitter and Square struggling on the stock market, Dorsey has fallen out of the three-comma club with a net worth of $944m, Forbes reports

    Jack Dorsey is no longer a billionaire, thanks to the crashing stock markets and his struggling tech empire.

    As global stocks tumbled on Wednesday morning, so did Square and Twitter, the two tech companies he helped found. An hour and a half after the opening bell, Twitter had fallen 6% and Square was down 11%.

    Related: Twitter's Facebook fixation could be sending the company into crisis

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