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
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.