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.
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: https://t.co/hVkUczDQmz
— jack (@jack) April 7, 2020
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.
