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Jack Dorsey defends decision to be CEO of both Twitter and Square

Jack Dorsey, CEO of both Twitter and Square, said he does not have a problem wearing two hats, because the functions of both companies that he co-founded are "foundational."

Addressing whether it's tough to juggle the challenges of social media and online payments, Dorsey said: "I don't really consider it a shift. I want to work on things that people interact with every single day, and that empower them in particular ways, and finance and commerce is one such [way] and communication is another."

Dorsey took part in a panel discussion moderated by CNBC on Monday night in Las Vegas at Money 20/20, a global conference and trade show focused on payments and...