Jack Dorsey is no longer in the billionaire's club

Advertisement

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:
Twitter One Month Chart

Yahoo Finance

Twitter shares have plummeted

Square:

Square One Month Chart

Yahoo Finance

Square is off to a rough start after its IPO

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