Twitter’s Jack Dorsey pledges $1 bln for coronavirus relief effort

In this file photo taken on November 12, 2018 Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi. (AFP)

Twitter co-founder Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund.

Dorsey said in a series of tweets he would transfer his equity in his digital payments group Square to his limited liability corporation Start Small, contributing around 28 percent of his overall wealth.

“Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime,” Dorsey said. “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.”

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Last Update: Wednesday, 20 May 2020 KSA 09:57 - GMT 06:57
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