Jack Dorsey Covid Donation

Twitter co founder and ceo jack dorsey says he s dedicating more than a quarter of his wealth to a new fund for charitable causes with the immediate focus on coronavirus relief efforts.

Jack dorsey covid donation. Jack jack april 7 2020 jack not to get too shark y here but the donation which is an incredible thing btw is a major power move on jack s part and a little on twitter s too. Dorsey the ceo and cofounder of twitter and square will make the donation by moving 1 billion in square shares roughly 30 of his estimated net worth to an lcc start small. Jack dorsey the founder of twitter and payment app square has said he will donate 1bn 810m towards efforts to tackle the coronavirus pandemic. Jack dorsey ceo of both twitter and square announced on tuesday that he ll be giving that kind of money to fight covid 19.

The donation via dorsey. Jack dorsey is pledging 1 billion of his stake in square inc the mobile payments company he co founded to help fund coronavirus relief efforts. Jack dorsey announced tuesday that he will use 1 billion of his shares in square the payment processing platform he co founded to fund relief efforts for covid 19. Square and twitter ceo jack dorsey is donating 1 billion or nearly one third of his net worth to his smart small fund to help with covid 19 relief.

And he s structuring the gift in a very ususual away. According to mr dorsey the donation. After that the fund will shift its focus. The commitment is more than 25 percent of his net worth dorsey said in a tweet adding that he has more equity in square than in twitter which he also co founded.