Dorsey's Square Is Now Bigger than Twitter

Investing.com - Jack Dorsey is famous for being the co-founder and CEO of Twitter, but it’s his other company, Square (NYSE:SQ), that’s really taken off. And although Twitter may be the more well-known company around the world, Square has actually overtaken it in terms of market cap, with Twitter valued at $15.7 billion, and Square valued at $17.6 billion. Twitter’s struggles are no secret. They have yet to post a profitable quarter and over the past 2 years, they have added only 23 million monthly average users, a drop in the bucket compared to Facebook’s 461 million new users in the same time span. Meanwhile, Square, the mobile payments processing company that Dorsey started in 2010, is really doing well. In Q3, revenue increased 45% year over year, and shares are now up around 260% in the past 12 months. Square sees itself as a payments innovator, and their latest move, which allows customers to buy, sell and store Bitcoin on its Square Cash app, could really prove to be a new source of growth and potentially drive the company to even greater success.