Twitter CEO sets aside $1 billion in Square equity for charity, coronavirus relief
Square and Twitter CEO Jack Dorsey said Tuesday he will set aside $1 billion in his Square equity to support relief efforts for COVID-19 and other causes once the pandemic is over.
In a series of tweets, Dorsey said that after the pandemic is over, he will dedicate the money to causes like universal basic income (UBI) and girls’ health and education. He said he’s pulling the shares from his stake in Square instead of Twitter because he own more stock in the Square. Dorsey said he’ll cash in the shares over time.