Twitter’s Jack Dorsey Pledges $1 Billion of His Square Stake for COVID-19 Relief Efforts

Twitter’s Jack Dorsey Pledges $1 Billion of His Square Stake for COVID-19 Relief Efforts
Jack Dorsey testifies during a hearing about Twitter's transparency and accountability, on Capitol Hill, in Washington on Sept. 5, 2018. Drew Angerer/Getty Images
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Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday (April 7) pledged $1 billion of his stake in Square Inc, the payments processor that he co-founded and heads, to help fund relief efforts related to the CCP virus pandemic.

In a series of tweets, Dorsey said the amount, representing about 28 percent of his wealth, will be donated to his charity fund, Start Small LLC, which would later focus its attention on universal basic income and girls’ health and education.