Jack Dorsey – CEO of Twitter

Jack Dorsey is an American businessman best known as the founder of the social networking site Twitter.

Born in St. Louis, Missouri, on November 19, 1976, Jack Dorsey became involved in web development as a college student, founding the Twitter social networking site in 2006. Since that time, Dorsey has served as CEO, chairman of the board, and executive chairman of Twitter. He also launched the successful online payment platform Square in 2010.

Twitter was initially derided by some as a tool for the shallow and self-centered to broadcast the minutiae of their lives to the universe. Late-night comedy host Conan O’Brien even featured a segment called “Twitter Tracker” that mocked users of the service. In its early days, the site also suffered from frequent service outages. But as celebrities and CEOs alike began tweeting, Twitter was no longer the brunt of so many jokes. Suddenly the head of the “microblogging” movement, Twitter became a powerful platform for U.S. Presidential candidates Barack Obama and John McCain in 2008, as a method for updating their supporters while on the campaign trail.

In November 2013, Dorsey saw his personal fortune grow tremendously thanks to Twitter’s initial public offering. The company’s stock had a starting share price of $26, but the price quickly rose to $45 during its first day of trading. Within hours, the value of Dorsey’s approximately 23.4 million shares made him a billionaire. He already began discussing the possibility of an IPO for his other company, Square, in 2014.

In 2015, Dorsey returned to Twitter. He first served as an interim CEO and then became its CEO. Not long after he officially took the company’s top spot, he announced that the company would be cutting about 8% of its workforce. This move is “part of an overall plan to organize around the company’s top product priorities and drive efficiencies throughout the company,” according a securities filing by Twitter reported in the Los Angeles Times.

Read More...

Kevin Systrom – Instagram CEO on Forbes’ Billionaires List

Instagram CEO Kevin Systrom is the latest app creator to join Forbes’ billionaires list just as Facebook stock rises. However, Systrom’s rise to billionaire status was no easy fete.

Initially the programmer sold his photo sharing app to Facebook creator and CEO, Mark Zuckerberg, back in 2012 for a whopping $300 million in cash and 23 million shares of stock – totaling the company’s worth to a cool $1 billion before Facebook’s May 2012 IPO.

It was a sweet deal for Instagram as the app had 30 million users without generating revenue at the time. However, by the time the deal closed, Systrom’s arrangement with Zuckerberg changed due to plummeting Facebook stock in Sept. 2012. Consequently, the deal ended up being worth $715 million, driving Systrom’s adjusted net worth down to $280 million.

Read More...

Business

WallaZoom

WallaZoom is zooming in popularity among businesses due to its advertising effectiveness.  With its low cost and exclusive ways it lets vendors communicate with customers, it is taking over as the local business marketing tool of choice.  Huffington Post’s article below verifies the same.

 

Read More...

Financial

Elon Musk – Success Story of The 21st Century Innovator

In this success story, we are going to share Elon Musk biography, the CEO and CTO of SpaceX CEO, chief product architect of Tesla Motors, chairman of SolarCity, and co-founder of PayPal. Musk is also involved in developing a high-speed transportation system known as Hyperloop. Elon Musk invests in the projects that can change our world. He is not only an entrepreneur but also an inventor, innovator, and engineer: Musk personally participates in designing of electric cars and spaceships.

Elon Musk was the second entrepreneur in the Silicon Valley (the first one was James H. Clark) who managed to create three companies with the market cap of more than $1 billion – PayPal, SpaceX, and Tesla Motors. Elon Musk dedicates himself to space and alternative energy technologies. He plays by some different rules and does that quite successfully. The distinctive personality traits of Elon Musk are perseverance, critical thinking, accurate self-analysis and hard work (he works 80-100 hours per week).

Read More...

Pinterest CEO – Ben Silbermann

What if you could have a personalized catalog of items and ideas, curated by those you trust and designed to help you navigate daily life? It might help you find the right pair of shoes, or learn more about raising a family or plan a backpacking trip through Southeast Asia. It might spark your own creativity and help you more deeply understand yourself.

That, in short, is Ben Silbermann’s vision for Pinterest, his six-year-old startup, which was valued by investors at $11 billion when it most recently raised funding last May.

“If you focus on building a catalog that people find useful, the other things will work out,” Silbermann said last week at a Harvard Business School Association of Northern California event in Redwood City, Calif. “I always describe Facebook and Twitter to some extent as ‘them time,’ it’s time about the world and what’s outside of you. Pinterest, for a lot of users, is ‘me time.’ What do I want my future to be? Who am I? What are the things I want to do?”

While Google is the best search tool when you know what you’re looking for, Silbermann wants Pinterest to become the best service to help you “discover” things you might want but don’t yet know about.

Silbermann took the stage for a Q&A with Benchmark general partner Scott Belsky, an early Pinterest investor, to accept the group’s 37th “Entrepreneurial Company of the Year” award for Pinterest. Previous winners include Apple, which sent Steve Jobs to accept the award in 1983, and Facebook, which sent Mark Zuckerberg in 2008. Silbermann spoke about starting the company, leadership lessons and Pinterest’s potential.

Read More...