WASHINGTON (dpa-AFX) - Jack Dorsey, the co-founder of Twitter Inc. and digital payments platform Square Inc., said that he will donate $1 billion worth of equity in Square to his Start Small Foundation to fund the coronavirus relief around the world.
In a series of tweets, Dorsey said the donation represented about 28% of his wealth.
But, Dorsey did not mention exactly where the funds would be sent to help in battle against the Covid-19.
Dorsey said he is pledging his stake in Square instead of Twitter because he owns a 'lot more' of shares in Square.
Once the Covid-19 pandemic has been 'disarmed', the focus will shift to girl's health and education, and universal basic income, Dorsey tweeted.
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