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MarketWatch First Take: Square earnings give Jack Dorsey an actual growth story

Maybe Twitter Inc. is Jack Dorsey’s “other company.”

Digital payments company Square Inc. SQ, +3.88% surprised investors Wednesday with a narrower-than-expected second quarter loss and an improved outlook due to solid growth in its payments business, providing a much-needed boost for Chief Executive Dorsey.

Dorsey is also the CEO and co-founder of Twitter Inc., TWTR, +7.25%which last week reported an abysmal second quarter with its worst-ever revenue growth, weak user additions and worse-than-expected sales outlook. He returned as Twitter CEO last autumn with a mission to jump start the social media pioneer’s near-stagnant user growth, while maintaining his position as CEO of Square, often referred to as his “other company.

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