Twitter And Square Founder Pledges $1bn To Fight Coronavirus

Posted by at 7:44 am on April 8, 2020

Jack Dorsey, the founder of Twitter and payment app Square, has said he will donate $1bn  towards efforts to fight the coronavirus (COVID-19) pandemic.

According to Mr Dorsey, the donation represented approximately 28% of his wealth.

He made the announcement on Twitter, writing that the “needs are increasingly urgent”.

Mr Dorsey did not lay out exactly where the funds would be sent to help in the battle against Covid-19.

In the US there is a shortage of ventilators and personal protective equipment, and business and individuals are also struggling economically.

Mr Dorsey will use shares he owns in Square to fund the donations which will be distributed through the Start Small Foundation.

The 43-year-old is the chief executive of both Twitter and Square.

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