JACK DORSEY

Shares of the payment company, formerly known as Square, plunged after Hindenburg Research accused it of facilitating crimes.

Good morning, Chicago. Here are some of the top stories you need to know to start your day.

Block stock rose slightly in extended trading after the payments company reported fourth-quarter revenue and gross profit that beat Wall Street's expectations.

House Oversight Committee members drilled former Twitter executives on Wednesday, including Rep. Clay Higgins, R-La., who warned the execs of possible arrests.

The House Oversight Committee is set to hear testimony from former Twitter employees involved in the social media platform’s handling of reporting on President Joe Biden’s son Hunter.

The 631 lots include mid-century modern furniture, an assortment of office supplies, high-end kitchen appliances and company memorabilia. The de facto fire sale ends on Wednesday.

Twitter says it will ease up its 3-year-old ban on political advertising.

Elon Musk didn't buy Twitter on his own. From Qatar to Jack Dorsey and Binance, meet the people who helped fund the acquisition.

Greg Gutfeld analyzes the latest news out of Twitter, where CEO Elon Musk tweeted a poll asking if he should stay on as chief executive, which users answered a majority in the negative.

FEC needs to reopen Twitter probe now that documents Musk released show company may have lied to or misled FEC about in-kind contribution to Biden campaign.

Twitter CEO's selective release of internal communications largely corroborate what is already known about the messy business of policing a large social network.

In a Tuesday blog post, Dorsey condemned attacks on his former Twitter colleagues and laid out his thoughts on the future of social media.

Jack Dorsey, the former CEO of Twitter, said he "owns" the mistakes that were made during his tenure at the tech giant but maintains Twitter had no "hidden agendas."

Twitter co-founder Jack Dorsey wrote in a blog post that he gave up pushing for the changes he wanted at Twitter after activist investors came into the company.

Journalist Bari Weiss elaborated on continued efforts by Twitter to remove Donald Trump on Jan. 8, 2021, in the latest installment of Elon Musk's "Twitter Files."

In the latest round of releases from the Twitter Files, disclosures raise potential legal liability for Twitter and its executives, including former CEO Jack Dorsey.

Former First Lady Michelle Obama was among those who pressured Twitter to ban former President Donald Trump, following the riots at the Capitol Building on Jan. 6.

Former First Lady Michelle Obama was among those who pressured Twitter to ban former President Donald Trump, following the riots at the Capitol Building on Jan. 6.

The latest installment of the 'Twitter Files' shows at least one employee at the company stood up to executives looking to ban former President Donald Trump, citing a 'slippery slope.'

Former Twitter CEO Jack Dorsey was vacationing in the French Polynesia when former President Trump was suspended from the social media platform, the Twitter files allege.

It's crickets from Rep. Mike Doyle, D-Penn., who previously denied that Twitter was shadow-banning conservatives, which Bari Weiss reported was the case in Elon Musk's "Twitter Files."

Jesse Watters criticizes former Twitter CEO Jack Dorsey for purportedly lying to Congress about Twitter censoring conservatives and for helping the Democratic Party on "Jesse Watters Primetime."

Ex-Twitter CEO Jack Dorsey and company executives, in tandem with the liberal media, repeatedly told users the social media site didn't engage in "shadow banning."

As Elon Musk is finding out, running a global social media platform requires more than a few good algorithms.

New York Post columnist Miranda Devine sounded off on the tranche of Twitter information being released by Elon Musk and journalist Matt Taibbi late Friday.

Ahead of his viral Twitter thread, Substack journalist Matt Taibbi disclosed to readers that he had to agree to "certain conditions" to get the major scoop from Elon Musk.

Elon Musk released internal documents with bombshell revelations about what led the tech giant to suppress the Hunter Biden story in the final weeks of the 2020 presidential election.

Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.

Since Elon Musk acquired Twitter, the social media business has implemented mass layoffs and now steep cuts to its contract workforce.

As they slashed thousands of jobs, founders of Facebook, Twitter and Stripe expressed regret for excessive optimism. But that wasn’t the real problem.

Twitter says anyone can receive the blue check next to their names "just like the celebrities, companies and politicians you already follow."

Twitter has announced a subscription service for $7.99 a month that includes a blue check now given only to verified accounts.

Co-founder Jack Dorsey says he has "responsibility for why everyone is in this situation"

Under Elon Musk's ownership, thousands of Twitter employees, including top executives, have been fired.

The eccentric Twitter founder says he "grew the company size too quickly" in a Saturday apology.

Twitter co-founder Jack Dorsey apologized Saturday for growing the company "too quickly," a day after hundreds of employees were laid off under Elon Musk.

Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.

Elon Musk is offering to go through with his original proposal to buy Twitter for $44 billion.

A coalition of bitcoin developers is releasing version 2 of Stratum for the mining industry to evaluate and test, and Block and Braiins are pushing it forward.

A super app called X.

Reports say Elon Musk is proposing to go through with his $44 billion takeover of Twitter, a move that would end a legal fight between the billionaire and the social media company.

Elon Musk’s phone was flooded with the thoughts of key advisers, peers and close confidants: Jack Dorsey, Joe Rogan and Gov. Ron DeSantis, the text messages reveal.

Elon Musk's takeover of Twitter went down via private text messages between the Tesla CEO and a small circle of Silicon Valley's rich and powerful, according to court filings released this week.

Newly disclosed text messages between Elon Musk and Twitter CEO Parag Agrawal showed that the two men briefly bonded in April over their love of engineering — at least until Musk tweeted this message early on Aug. 9: ‘Is Twitter dying.

Musk and Twitter are set to go to Delaware Chancery Court in mid-October over the Tesla CEO's attempt to get out of his $44 billion deal to buy the company.

A strike by railroad workers would have wide-ranging impact on consumers, commuters and businesses.

Twitter’s former security chief told Congress Tuesday there was “at least one agent” from China’s intelligence service on Twitter’s payroll — and that the company knowingly allowed India to add agents to the company roster as well.

Peiter “Mudge" Zatko, the Twitter whistleblower who is warning of security flaws, privacy threats and lax controls at the social platform, will take his case to Congress on Tuesday.

Twitter's ill-fated foray into adult content is the latest in a line of scandals that share a common source: a business model that doesn't fit its products.

Twitter's Jack Dorsey has long been called an absent, indecisive, and uncommunicative leader. A whistleblower's new claims strengthen that reputation.

U.S. lawmakers are anxious to hear from Twitter’s former security chief, who has alarmed Washington with allegations that the influential social network misled regulators about its cyber defenses and efforts to control fake accounts.

For most of its eight-year history, Razom for Ukraine, a U.S.-based charity run by Ukrainian and Ukrainian American volunteers, has raised about $150,000 a year to help promote a free and prosperous Ukraine.

Twitter and Musk are headed for an Oct. 17 trial that should determine whether Twitter can force him to go through with the acquisition.

Elon Musk has subpoenaed former Twitter CEO Jack Dorsey as his legal battle with the social media platform gains momentum.

Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his $44 billion agreement to acquire the company Dorsey helped found.

Pinterest shares jumped in extended trading on Thursday after a report said Elliott Management has accumulated a stake of more than 9% in the company.

Billionaires Ray Dalio, Bill Gates and Jack Dorsey leveraged the skills they learned as teenagers into influential — and lucrative — careers. Here's how.

News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.

Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter. Musk is in talks with Twitter founder and former CEO Jack Dorsey and others to help finance, or roll their shares over, to complete the deal. As CNBC's David Faber previously reported, Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes the $44 billion acquisition. Shares of Twitter rose 7% on the news.

Elon Musk on Wednesday revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal roiled by market turbulence and Musk's own unpredictable fixation with the number of fake accounts on Twitter.

A federal judge has dismissed a securities fraud and defamation lawsuit filed by a Tesla investor against CEO Elon Musk, the company and a Musk supporter.

At Block's first investor day since 2017, executives describe how crypto and music-streaming businesses make up an "ecosystem" beyond the original card-reader.

Twitter's filing didn't say what was discussed in its meetings or if Musk brought up his concerns about the proliferation of spam accounts on the platform.

Former CEO Jack Dorsey told Musk he personally believes Twitter would be better equipped to focus on execution as a private company, according to the filing..

Crypto executives and lobbyists are moving to gain a foothold in Washington as lawmakers scramble to find a way to regulate the industry.

The electric car and space mogul is venturing into a new realm with Twitter

A toxic cesspool.

Elon Musk has strengthened the equity stake in his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Oracle co-founder and Tesla board member Larry Ellison.

Tesla billionaire Elon Musk, seemingly intent on making the old new again, has successfully arranged to buy Twitter for about $44 billion.

Coming up with $44 billion to buy Twitter was the easy part for Elon Musk.

Technology entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.

Mercurial billionaire Elon Musk now says he wants to buy Twitter outright, taking it private to restore its commitment to what he terms “free speech.”.

Tesla CEO Elon Musk now has a 9% stake in Twitter and a seat on its corporate board of directors, raising questions about how the billionaire business magnate could reshape the social media platform.

Twitter tweeted Tuesday that it is indeed working on a way for users to edit their 280-character messages, although it says the project has nothing to do with the fact that edit-function fan Elon Musk was just revealed as the company’s largest shareholder and now sits on its board.

Twitter’s stock is rising after it posted strong revenue growth last year and announced a $4 billion share buyback program.

A handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021.

Rihanna is backing her belief that climate change is a social-justice issue by pledging $15 million to the movement through her Clara Lionel Foundation.

Wall Street delivered another strong year in 2021, as a spike in consumer demand fueled by the reopening of the global economy pumped up corporate profits.

There's a new Silicon Valley corporate name change on the block.

Newly named Twitter CEO Parag Agrawal (PUH-rag AH-gur-wahl) has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs.

Jack Dorsey is leaving his post as Twitter’s chief executive.

Collins Dictionary has chosen the term NFT as its word of the year after surging interest in the digital tokens that can sell for millions of dollars brought it into the mainstream.

Britain’s Prince Harry has sharply attacked the failure of social media companies to challenge hate online, revealing that he warned the chief executive of Twitter ahead of the Jan. 6 Capitol riots that the site was being used to stage political unrest.

A fund created by a group of social-justice-minded foundations including Ford and Rockefeller and donors like Jack Dorsey and MacKenzie Scott shortly after COVID hit has more than quadrupled in size to $51 million and is now pouring money into activities and advocacy to strengthen the social safety net and increase worker pay.

Former President Donald Trump wants a federal judge in Florida to force Twitter to restore his account, which the company suspended in January following the deadly storming of the U.S. Capitol.

Sorry, Cormac McCarthy fans.

Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later’’ option for merchants, in an all-stock deal valued at about $29 billion.

Dozens of cities and counties and the state of California are experimenting with giving some low-income residents a guaranteed income of $500 to $1,000 each month to do with as they please, and tracking what happens.

The price of the famously volatile digital currency Bitcoin fell nearly 30% at one point Wednesday after the China Banking Association warned member banks of the risks associated with digital currencies.

Scott Applewhite)WASHINGTON – The latest news from a House committee questioning the CEOs of Facebook, Google and Twitter. ___2:30 p.m.Rep. Steve Scalise, a Louisiana Republican, raised the long-running conservative talking point that Twitter, Facebook and Google are biased against conservative viewpoints and censor material based on political or religious viewpoints. Scalise highlighted Twitter’s blocking of a New York Post article on Hunter Biden, which CEO Jack Dorsey said was a mistake that the company corrected within 24 hours. AdThis would include product vice presidents of integrity, trust and safety and vice presidents of platform policy — at Facebook, Twitter, YouTube (rather than Google, which owns YouTube) and perhaps an upstart like TikTok. Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey and Sundar Pichai, CEO of YouTube parent Google, are facing questioning at a hearing by the House Energy and Commerce Committee.

Republicans raised long-running conservative grievances, unproven, that the platforms are biased against conservative viewpoints and censor material based on political or religious viewpoints. There is increasing support in Congress for legislation to rein in Big Tech companies. The tech CEOs defended the legal shield under Section 230, saying it has helped make the internet the forum of free expression that it is today. Trump enjoyed special treatment on Facebook and Twitter until January, despite spreading misinformation, pushing false claims of voting fraud, and promulgating hate. The tech blog Gizmodo eventually revealed the device was a “BlockClock” that shows the latest prices of cryptocurrencies like bitcoin and ethereum.

More than two-thirds of the groups and pages had names that aligned with several domestic extremist movements, the report found. Facebook acknowledged that its policy enforcement “isn't perfect,” but said the report distorts its work against violent extremism and misinformation. In October, it banned QAnon groups across its platform. It has also banned extremist and militia movements and boogaloo groups with varying degrees of success. ___This story has been corrected to show that the groups were still active on the platform as of Feb. 24, not March 18.

The online payment company continues to attract investors, raising $600 million in funding to reach a company valuation of $95 billion, making it the most valuable private fintech company in the world. (AP Photo/Richard Drew)The online payment company Stripe continues to attract investors, raising $600 million in funding to reach a whopping company valuation of $95 billion. Stripe is by far the most valuable private fintech company in the world. Robinhood, the trading platform recently making headlines, just raised $3 billion to reach a valuation of around $11.2 billion. Companies that enable online payments have thrived in the pandemic.

FILE - In this July 23, 2019, file photo, Jay-Z makes an announcement of the launch of Dream Chasers record label in joint venture with Roc Nation, at the Roc Nation headquarters in New York.Financial technology company Square, Inc. says it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z. (Photo by Greg Allen/Invision/AP, File)SAN FRANCISCO – Financial technology company Square, Inc. said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z. Under the deal, Square will pay $297 million in cash and stock for Tidal, Jay-Z will be named to Square's board of directors, and he and other artists who currently own shares in Tidal will remain stakeholders. Tidal has presented itself as the artist-friendly alternative to other music streamers, and Square says it will take that phenomenon further for musicians just as it has for businesses with its financial systems. AdJay-Z said in the statement that the “partnership will be a game-changer for many.” I look forward to all this new chapter has to offer!"

Racist abuse. And social media accounts allowed to stay active even after spreading bile. English football has reached breaking point with players, coaches, referees and officials aghast at the ongoing proliferation of hate aimed at them on Instagram and Twitter. This is being enforced almost two years after players in England boycotted social media for 24 hours. The government is also introducing legislation — the online safety bill — that could see social media companies fined for failing to protect their users.

The leaders of English soccer have asked the heads of Facebook and Instagram to show basic human decency by taking more robust action to eradicate racism and for users identities to be verified. There has been growing outrage that players from the Premier League to the Womens Super League have been targeted with abuse on Twitter and Facebook-owned Instagram. “The language used is debasing, often threatening and illegal,” the eight English soccer leaders, including from the Football Association and Premier League, wrote to Twitter CEO Jack Dorsey and Facebook chairman Mark Zuckerberg. The letter was signed by the CEOs of the English Football Association (Mark Bullingham), Premier League (Richard Masters), English Football League (Trevor Birch), Professional Footballers’ Association (Gordon Taylor) and League Managers’ Association (Richard Bevan). Threats of violence on social media have also alarmed English soccer this week.

The icon for the social media app Clubhouse is seen on a smartphone screen in Beijing, Tuesday, Feb. 9, 2021. You can also download the app and get on a waiting list to be let into Clubhouse. Although Clubhouse hasn't divulged how many people are using its service, its app has been downloaded 5.3 million times, according to analytics firm App Annie. Thousands of Chinese users have flocked to the app in recent months, lured by the unfettered discussions it allowed with people abroad — particularly about democracy, Taiwan and other sensitive topics. Users still could download it if they had access to an Apple app store abroad.

Twitter posted solid results for the last three months of 2020, capping what CEO Jack Dorsey called an extraordinary year for the platform. Analysts, on average, were expecting earnings of 29 cents per share and revenue of $1.18 billion, according to a poll by FactSet. Twitter had 192 million daily users, on average, in the third quarter, up 27% year-over-year. By comparison, Facebook had 1.84 billion daily users on average in December 2020, an increase of 11% year-over-year. But he added that advertising revenue should remain strong as the company continues to invest in ad infrastructure.

Bezos is one of the 50 Americans who gave the most to charity in 2020, according to the Chronicle of Philanthropys annual rankings. “There has been change building among private donors.”All told, the 50 biggest donors contributed $24.7 billion in 2020, compared with $15.8 billion in 2019. The $1 billion-plus of giving by each of the top five on the Philanthropy 50 matches last year’s record. No more than three donors gave $1 billion or more in any of the previous years. Colleges and universities received $2.2 billion from Philanthropy 50 donors in 2020.

But it said it's referring the matter to the oversight board for what it called an “independent judgment” on upholding the decision. The board does not set Facebook policies or decide if the company is doing enough to enforce them in the first place. The first four board members were directly chosen by Facebook. Facebook also pays the board members’ salaries. CEO Jack Dorsey defended his company’s Trump ban in a philosophical Twitter thread last week, saying that resulting risk to public safety created an “extraordinary and untenable circumstance” for the company.