Photo: Dan Frommer, Business Insider
The tech world’s most famous multitasker since Steve Jobs is easing off one of his two jobs.Two sources have told us that Jack Dorsey, Twitter’s executive chairman, has been spending less time at the message-broadcasting service and more as CEO of Square, his payments startup.
The way he told it, since Dorsey staged a triumphant return to an active role at Twitter, he spent eight hours a day working there and eight working at Square. We haven’t gotten details yet, but we understand the ratio has shifted decisively in Square’s favour.
We think this makes sense. At Twitter, he has a strong CEO in Dick Costolo, who has steadied the ship after a long stretch of turmoil.
While Square COO Keith Rabois is increasingly the face of the company in the press—especially when it comes to trash-talking the competition—Dorsey is a super-hands-on CEO there.
He even marches new Square hires from a statue of Gandhi on San Francisco’s waterfront to Square’s offices in the San Francisco Chronicle building downtown as part of orientation. And while he remains an avid Twitter user, he most frequently uses it to promote small businesses using Square.
And in the face of increasing scepticism about tech startups after Facebook’s disappointing IPO, Dorsey needs to get back to business there—crucially, raising a long-rumoured megaround from institutional investors.
Dorsey will need every waking hour—and he spends a lot of time awake and working—to persuade them. Expect more trips to the east coast.
That said, Dorsey is still clearly involved with Twitter’s top executives. We stumbled across him meeting with new PR chief, Gabriel Stricker, just the other day.
We asked Square and Twitter for comment on how Dorsey was splitting his time and didn’t hear back.