Here's Jack Dorsey's new title
Dorsey co-founded the payments business as Square in 2009, which was renamed Block in December
Technology entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
A regulatory disclosure Friday from digital payments company Block Inc. says that its co-founder Dorsey is changing his role from Block's CEO, president and chairperson to "Block Head and Chairperson," effective immediately.
Jack Dorsey, co-founder of Block Inc. and former chief executive officer of Twitter Inc. ( Eva Marie Uzcategui/Bloomberg/ / Getty Images)
It's a semantic change only and there "will be no changes in Mr. Dorsey’s roles and responsibilities," the filing said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SQ | BLOCK INC. | 73.50 | -3.49 | -4.53% |
Dorsey co-founded the payments business as Square in 2009. It was renamed Block Inc. in December to reflect its growth to encompass the Tidal music streaming service, Cash App and TBD54566975, a financial services platform primarily focused on Bitcoin.
EX-TWITTER CEO DORSEY SLAMS BOARD'S 'DYSFUNCTION' AFTER RESPONSE TO MUSK'S BUYOUT BID
Dorsey also co-founded Twitter and was its CEO until stepping down in November. Twitter has said he will remain on its board until May.
CLICK HERE TO READ MORE ON FOX BUSINESS
Dorsey's title change resembles a Tesla filing last year in which CEO Elon Musk added "Technoking of Tesla" to his official role at the electric car maker. The two know each other — Musk is now offering to buy Twitter for more than $43 billion.