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DA Condemns 'Horrific' Killing of Cash App Founder

Bob Lee was fatally stabbed in San Francisco

(Newser) - This story has been updated with new developments. San Francisco Mayor London Breed has condemned the killing of a tech luminary who was reportedly stabbed to death in the city early Tuesday. Breed described the death of Bob Lee, founder of Cash App and chief product officer of crypto startup...

Scathing Report Accuses Jack Dorsey of Fraud

Short seller Hindenburg says his Block mobile payment company has inflated user numbers

(Newser) - Earlier this year, the short seller Hindenburg Research accused an Indian conglomerate of shady business practices and caused its stock to plunge. On Thursday, Hindenburg was giving the same treatment to Jack Dorsey, the former CEO of Twitter who now runs the mobile payment company Block. Hindenburg says Block, formerly...

How to Avoid 'Guilt Tipping'
How to Avoid 'Guilt Tipping'

How to Avoid 'Guilt Tipping'

Don't be swayed by 'emotionless piece of software,' writes NYT's Brian X. Chen

(Newser) - If you're like New York Times columnist Brian X. Chen, you've noticed "seemingly arbitrary tip requests" pop up when making digital payments for everything from food to vehicle repairs. Chen was recently "taken aback" when he was given the option to tip 10% to 30% on...

Goodbye, Square. Hello, Block
Goodbye, Square.
Hello, Block

Goodbye, Square. Hello, Block

Payments company headed up by Jack Dorsey gets a name change

(Newser) - It's been a big week for Jack Dorsey, who announced he's stepping down as CEO of Twitter because "the company is ready to move on from its founders." Now, news on the other firm he heads up, the financial services and payments company Square Inc.: It'...

Twitter CEO Announces New Company Holiday 'Forevermore'

Jack Dorsey says Twitter will make Juneteenth an official company holiday for US workers

(Newser) - As company after company puts out ads and sends out emails expressing their support for black Americans in the wake of the killing of George Floyd , Forbes notes that some, especially in the tech world, have been slammed for being all talk, no action. Twitter is looking to separate itself...

Twitter Founder Is Giving $1B to Fight Coronavirus

Dorsey says it's 28% of his wealth

(Newser) - Twitter co-founder and CEO Jack Dorsey says he is donating more than a quarter of his considerable wealth to help the fight against COVID-19. In a tweet Tuesday, Dorsey, who also founded and leads payment app company Square, said he is giving $1 billion in Square equity to the Start...

Co-Founder of Square Dead at 35
of Square
Dead at 35

Co-Founder of Square Dead at 35

Tristan O'Tierney leaves behind a 3-year-old daughter

(Newser) - He co-founded the successful mobile payments company Square, but Tristan O'Tierney's story came to a tragic ending: He died Feb. 23 at age 35. Details of his death are scarce, but his mother tells the San Francisco Chronicle "it was in relation to his addiction." She...

Starbucks to Take Mobile Payments Via Square

It's the first big chain to use new system

(Newser) - Starbucks will soon be the first national chain to let customers pay with Square's mobile payment application. Square was founded in 2009 by Jack Dorsey, the creator of Twitter. Users of the Square mobile payments app are currently mostly small businesses and individuals, meaning the partnership with Starbucks could...

PayPal Unveils Mobile Payments Service

'Paypal Here' will compete with 'Square'

(Newser) - PayPal has launched a mobile payments service that lets businesses accept credit cards using a small triangular card reader attached to an iPhone. Called PayPal Here, the service is similar to existing mobile payments services such as Square . Customers will be able to pay using credit cards, their PayPal accounts,...

Twitter Creator Unveils Phone Credit Card Reader

Dubbed 'Square,' the device will be free

(Newser) - Twitter co-founder Jack Dorsey gave the public its first look at “Square” today, a free credit card reader that will plug into the headphone jack on your phone. Small business owners will be able to plug the 1-inch device into their phone, swipe their customer’s cards, and have...

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