+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Jack Dorsey is no longer in the billionaire's club

Jan 20, 2016, 22:52 IST

Jack Dorsey, CEO of Square and CEO of Twitter, arrives at the New York Stock Exchange for the IPO of Square Inc., in New York November 19, 2015. Square Inc priced shares at $9 for its initial public offering, about 25 percent less than it had hoped, as it struggled to win over investors skeptical about its business and valuation before trading begins on Thursday.REUTERS/Lucas Jackson

After a month of slumping share prices for both Twitter and Square, the CEO of both companies, Jack Dorsey, is no longer a billionaire, according to Forbes.

Advertisement

In the past month, Twitter has fallen from $23.14 per share on Dec. 31st to $15.64 today.

Square, which went public in November, has seen shares fall from $13.09 to $8.40 in the same time frame.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Wednesday's share prices mark a new all-time low for both companies.

Dorsey was Twitter's original CEO before leaving in 2008, only to return to the company in 2011 as an executive chairman and eventually returning to the role of CEO this past July. Between his tenures at Twitter, Dorsey co-founded the mobile payments startup Square in 2009 with Jim McKelvy.

Advertisement

You can see the stock performances for both Twitter and Square in the charts below.

Twitter:
Yahoo Finance

Square:

Yahoo Finance

NOW WATCH: The full story of Twitter CEO Jack Dorsey is much more awesome than you realize

Please enable Javascript to watch this video
Next Article