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Twitter’s Jack Dorsey Pledges $1 Billion to Charity, Including Coronavirus Relief.


Twitter Inc. co-founder and Chief Executive Jack Dorsey has pledged to set aside $1 billion to fund charitable causes starting with relief efforts toward the novel coronavirus pandemic.

Mr. Dorsey on Tuesday said the money would come from his stake in financial-tech company Square Inc., which he also co-founded and runs. The amount, he said via Twitter, represents about 28% of his wealth.

Mr. Dorsey said he would move around 19.8 million shares of Square to an entity called Start Small LLC, which would disburse the money. After focusing on dealing with the Covid-19 outbreak, Mr. Dorsey said, his money will go toward supporting other causes such as girls’ health and education and universal basic income.


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