19 April 2024,   12:25
more
Twitter CEO Jack Dorsey pledges USD1 billion to fight coronavirus

Twitter and Square CEO Jack Dorsey said on Tuesday he is taking $1 billion in equity out of Square to help fund “global COVID-19 relief”.


Dorsey tweeted the amount represents about 28% of his net worth. The funds, which will be distributed through his new Start Small LLC, will be tracked on a Google Doc that Dorsey shared alongside his announcement.


“After we disarm this pandemic,” Dorsey tweeted, “the focus will shift to girl’s health and education, and UBI,” or universal basic income, as made famous by former Democratic nominee Andrew Yang.

MORE HEADLINES