Twitter CEO Jack Dorsey on Tuesday pledged $1 billion toward coronavirus relief efforts — representing 28 percent of his wealth.
In a series of tweets, Dorsey said that the ten-figure sum would come out of his stake in Square, the payments processor he co-founded, rather than his Twitter shares.
“I own a lot more Square,” Dorsey explained in a follow up tweet. “I’ll need to pace the sales over some time.”
“The impact this money will have should benefit both companies over the long-term because it’s helping the people we want to serve,” Dorsey said of his decision to give away close to one-third of his wealth. The money will be donated through his Start Small LLC charity fund.
Read more at NY POST.
{Matzav.com}
