Honeyweb Blog / Jack Dorsey
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Twitter CEO Jack Dorsey Allocates $1 billion in Equity to COVID-19 Relief Efforts
Twitter CEO Jack Dorsey is allocating $1 billion in his personal share equity to a new fund that will initially aim to assist in COVID-19 relief efforts.
In a tweet thread, Dorsey explained that he has allocated more than $40 million to various causes and organizations over the years, though mostly anonymously.
Given he's utilizing share equity, as opposed to direct cash, that makes sense - though even with that concession, the allocation is significant.
By Andrew Hutchinson
socialmediatoday.com
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