The Next Web reports Square has hired a new CFO and topped $6 Billion in payments annually:

Friar will become Square’s first chief financial officer as the company continues to expand quickly: in the past year, it has grown from 80 employees to over 300.

Founded in 2009, Square now processes over $6 billion in payments on an annualized basis, enabling over 1 million individuals and businesses to accept credit cards with its solution, the company asserts.

Its hard to even say anything smart (or witty) about that kind of growth.  I’ve been a user of Square since it was in beta, and it really is close to a perfect service.  $6 billion is going to seem awful small compared to what they will be processing a few years from now.  

Kinda scary that Twitter may be the second most revolutionary product to come from Jack Dorsey’s brain, eh?

Source: thenextweb.com

via The Next Web:

Already in the spotlight over concerns that its iOS app collects full meeting notes and details from a device’s calendar and sends them back to the company in plain text, LinkedIn user accounts are now said to have been compromised, with 6.5 million hashed and encrypted passwords reportedly leaked.

Can someone explain to me how LinkedIn was the one who pulled off a successful IPO?

Source: thenextweb.com