Twitter CEO Jack Dorsey
Twitter CEO Jack Dorsey|Creative commons licence for fair usage

Twitter CEO Jack Dorsey pledges $1 billion for COVID-19 relief

Twitter CEO Jack Dorsey to donate $1 billion to fund relief efforts; this is by far the largest amount pledged by a private individual in fight against COVID-19 pandemic

Team EastMojo

Team EastMojo

New Delhi: Jack Dorsey, the CEO of social media giant Twitter and digital payments platform Square, on Tuesday pledged $1 billion to fund relief efforts towards fighting the COVID-19 pandemic.

The donation makes it the largest amount pledged by a private individual in the fight against the deadly pandemic.

“I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here,” Dorsey wrote on Twitter.

The Twitter CEO will pull the amount from his start-up Square as he owns a majority of the company as compared to his stake in Twitter.

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