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Square reportedly nabs top Yahoo exec ahead of IPO

2015-10-19 1 Dailymotion

Just days after payments company Square finally filed for IPO, the company has reportedly hired Yahoo's chief development officer, Jacqueline Reses, in a boost to its executive team-headed by founder Jack Dorsey, who was confirmed earlier this month as the new chief executive of Twitter, the other company he cofounded.<br />If the report by Bloomberg is true, it could help investor confidence in Square ahead of its IPO.<br />Dorsey's dual-CEO role at Square and Twitter is seen as a potential risk factor, with many still uncertain how he will manage to juggle commitments at two Silicon Valley tech behemoths simultaneously.<br />Reses' exit from Yahoo would indeed be a blow to the company, which has also lost other top execs recently to companies like Google and Facebook.

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