Jack Dorsey Puts $1 Billion Toward the Fight Against Covid-19
The Twitter CEO is getting the funds from his equity in Square, which he also runs
Twitter CEO Jack Dorsey is injecting $1 billion into the fight against Covid-19.
Dorsey said in a series of tweets Tuesday that the funds will come from his equity in the other company he runs, payments platform Square, adding that it represents approximately 28% of his wealth.
He said the money will be routed through limited liability company Start Small, and all transactions will be tracked on a public Google Docs spreadsheet in the interest of transparency.
According to Dorsey, once the coronavirus pandemic is contained, the funds will be shifted to girls’ health, education and universal basic income.
He
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