Dorsey stays on at Square despite becoming Twitter CEO

Dorsey stays on at Square despite becoming Twitter CEO

Jack Dorsey has confirmed that he will stay on as CEO of Square, despite taking on the same role at the other multi-billion dollar company he co-founded, Twitter.

Dorsey, who has been interim Twitter CEO since Dick Costolo stepped down on 1 July, took to the site today to confirm that he has now got the gig full time.

Meanwhile, he will continue as chief executive of mobile payments firm Square, which is understood to have filed confidentially for an initial public offering over the summer.

There had been concerns over a potential conflict of interest if Dorsey held both roles, and Twitter's board previously stated that it would only consider candidates "who are in a position to make a full-time commitment".

However, Dorsey has sought to allay any fears, tweeting:

He also used the opportunity to sell both Twitter and Square to his followers:

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