Skip to Content

Why Jack Dorsey Will Leave Square (But Stay at Twitter)

The staff of Fortune recently assembled its predictions for 2016. Here’s one of our forecasts.

Steve Jobs spent nearly a decade as CEO of both Apple (AAPL) and Pixar (DIS)—but don’t expect Dorsey to follow a similar trajectory. Not too long after payments technology company Square goes public, Dorsey will leave the company, while staying on as permanent CEO of the other tech giant he co-founded, Twitter. As a newly public company, Square needs a seasoned chief who can weather Wall Street’s demands for growth, says Sucharita Mulpuru, analyst at Forrester Research; Twitter (TWTR), on the other hand, needs Dorsey’s design and product expertise. (One possible successor to Dorsey at Square: Jacqueline Reses, Yahoo’s (YHOO) former chief development officer, who just joined the company.)

This article is part of the 2016 Fortune Crystal Ball, a package of 33 predictions about business, politics and the economy by the writers and editors of Fortune. To see the entire package, click here.