The inventor of Twitter revolutionising finance

The man behind Twitter, Jack Dorsey, is spearheading his new credit card payments business, Square. But is his brilliant mind wasted on the business world?

Given that he invented Twitter, Jack Dorsey has one of the lowest profiles in tech, says Vanity Fair. That may be about to change. He claims he's found a way of transforming how money changes hands with his new company, Square. Some think Dorsey is nave to take on the behemoths of the finance industry (see below). But he isn't fazed. If Twitter is the future of communications, he says, "Square will be the payment network. We're going big."

Dorsey, 35, is a "source of wonderment in the business world: a modern Edison in a cynical age", says Fast Company. His interests range from botanical drawing and ballet impressario Serge Diaghilev through to clothes design. A certified massage therapist, whose terse conversational style is perfectly reflected in the minimalism of Twitter, he can nonetheless talk for hours about Virginia Woolf's modernist novel Mrs Dalloway. He spends much of his time just roaming the streets of San Francisco. "Yet between Square and Twitter he has helped to generate $10bn in market value an impressive figure even for those who scoff at tech valuations."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.