Twitter founder and boss Jack Dorsey has set aside $1bn (\u00a3812m) in stock to help fund relief efforts related to the COVID-19 pandemic.<\/p>\n
Mr Dorsey, who is also chief executive of the financial payments startup Square, will give the new venture shares from his Square holdings.<\/p>\n
The 43-year-old announced the initiative called Start Small in a series of tweets, and said the contribution amounts to 28% of his fortune.<\/p>\n
Mr Dorsey, who for years has kept details of his charitable efforts private, said the organisation will disclose all transfers, sales and grants on a public Google sheets document.<\/p>\n
Start Small will not be limited to fighting the\u00a0coronavirus<\/a><\/strong>\u00a0pandemic<\/a><\/strong>, Mr Dorsey wrote in a thread of six tweets.<\/p>\n “After we have disarmed this pandemic,” he wrote, the organisation will shift its focus to girls’ health and education, and research into universal basic income – the idea that governments should guarantee a minimum income for all citizens.<\/p>\n Pakistani activist Malala Yousafzai tweeted: “Amazing news! Thank you, @Jack, for your generosity and for recognising that educated girls make the world safer and healthier for everyone.”<\/p>\n","protected":false},"excerpt":{"rendered":" Twitter founder and boss Jack Dorsey has set aside $1bn (\u00a3812m) in stock to help fund relief efforts related to the COVID-19 pandemic. Mr Dorsey, who is also chief executive of the financial payments startup Square, will give the new venture shares from his Square holdings. The 43-year-old announced the initiative called Start Small in […]<\/p>\n","protected":false},"author":410,"featured_media":54253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6261,984],"tags":[8682,8683],"yoast_head":"\n