Twitter CEO Jack Dorsey pledges $1 billion commitment to tackling the coronavirus outbreak


The CEO of both Twitter and Square Jack Dorsey has set aside $1 billion for coronavirus relief and other charitable causes. The 43-year-old announced the initiative called Start Small in a series of tweets, and said the contribution amounts to 28% of his fortune.

Twitter Ceo Jack Dorsey
Twitter Ceo Jack Dorsey

Dorsey announced on Twitter on Tuesday that he created a new fund called Start Small LLC, to be funded by $1 billion of his Square equity, or about 28% of Dorsey’s wealth. In tweets Tuesday, the CEO said he would move $1 billion of his equity from Square, a digital payments platform, into a new limited liability company called Start Small.

Under Dorsey’s plan, all of Start Small’s grants will be tracked and made publicly available in a Google spreadsheet.

“The needs are increasingly urgent, and I want to see the impact in my lifetime. I hope this inspires others to do something similar. Life is too short, so let’s do everything we can today to help people now.” – tweeted on 8th April.

Last month Facebook founder Mark Zuckerberg and his wife Priscilla Chan donated $25m (£20m) to support the US health corps.

A Facebook spokeswoman said the donation was coming from the company and would help cover costs like temporary housing near healthcare sites, childcare costs and licensing fees.


What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Ben Stokes

0 Comments

Your email address will not be published. Required fields are marked *