San Francisco: Jack Dorsey, co-founder and CEO of Twitter, on Tuesday announced to contribute to COVID-19 relief fund by donating $1 billion.
Though not wealthy as other tech moguls like Facebook CEO Mark Zuckerberg, Microsoft co-founder Bill Gates, Jack Dorsey who is the CEO of both Twitter and digital payments platform ‘Square’, has announced to do his part in fighting COVID-19 pandemic.
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“I’m moving $1B of my Square equity (~28% of my wealth) to start small LLC to fund global COVID-19 relief. 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.” he tweeted.
Stressing upon the transparency of the process, twitter co-founder has clarified that the $1 billion going to ‘Start Small today’ fund will be publicly tracked.
“Why the transparency? It’s important to show my work so I and others can learn. I’ve discovered and funded ($40mm) many orgs with proven impact and efficiency in the past, mostly anonymously. Going forward, all grants will be public,” he noted.
United States has reported the highest number of coronavirus cases in the world with 396,222 patients with 12,722 deaths so far.
