Jack Dorsey Donates $1 Billion to COVID-19 Relief

Jack Dorsey Donates $1 Billion to COVID-19 Relief

Twitter and Square founder Jack Dorsey announced on Tuesday that they had transferred Square’s $ 1 billion in equity to an LLC to fund the COVID-19 aid, NBC News reported. This corresponds to approximately 28% of its total net assets.

Dorsey’s investment in coronavirus relief has so far been an individual’s primary financial security. Several other current and former technology leaders, including Bill Gates and Jeff Bezos, have pledged $ 100 million each. Unlike other donors, Dorsey also promised to keep a regularly updated public record of all donations. Once the pandemic is over, Dorsey said, the rest of the $ 1 billion will be spent on “girls’ health and education and UBI,” which stands for Universal Basic Income, a program that asks everyone for a certain amount of money. money received from government every month.

See: Jack Dorsey donates $ 1 billion to COVID-19 Relief

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
RBA considered three options for size of interest rate hike
RBA considered three options for size of interest rate hike
The board agreed that hiking by 15 basis points, as forecast by most economists, didn’t make sense given policy was very stimulatory and it was highly ...
On Expectations of a Fed-Induced Slowdown, Dollar Rises as Markets Fall
On Expectations of a Fed-Induced Slowdown, Dollar Rises as Markets Fall
China cut its prime rate for five-year loans, which influences mortgage prices, by 15 basis points in a reduction that was sharper than expected as ...
After discovering an Apple GPS tracker in her luggage, woman warns
After discovering an Apple GPS tracker in her luggage, woman warns
She was initially confused about what the coin-sized device was, but after she discovered that it was a tracker she became worried and destroyed it, as the ...
Apple Car may not have windows, according to Apple's strangest rumor of the year
Apple Car may not have windows, according to Apple’s strangest rumor of the year
What probably caught people’s eye, though, was the accompanying graphic — a concept image of an Apple Car that actually dates back to a December 2020 post on ...
Some Samsung Phones Now Enable Android Visible eSIM
Some Samsung Phones Now Enable Android Visible eSIM
Select Samsung phones are now compatible. An eSIM or embedded SIM works much like a normal SIM card. The only difference is that you don’t have to swap out ...
Exclusive Super Follows spaces are now accessible in Twitter for Android, iOS and web users
Exclusive Super Follows spaces are now accessible in Twitter for Android, iOS and web users
The company has announced that it is now rolling out Super Follows-exclusive Spaces. As the name suggests, these spaces would be exclusive for Super Follows ...
BRICS bank opens India regional office in GIFT City in Gujarat
BRICS bank opens India regional office in GIFT City in Gujarat
Working in close coordination with the NDB Headquarters, the Indian Regional Office will focus on project origination including initial project preparation ...
Apple AR headset being demonstrated internally
Apple AR headset being demonstrated internally
Apple is rumored to be working on a couple of AR and VR devices, it is not clear as yet which device they have been showing off to their board of directors. ...
The Telangana government has approved a budget of Rs 100 crore for the Lawyers Welfare Fund, which will help 25,000 lawyers
The Telangana government has approved a budget of Rs 100 crore for the Lawyers Welfare Fund, which will help 25,000 lawyers
After the separation of state, the Telangana government fixed 100 crores rupees for the Advocate welfare. The government has formed ...
A Monster’s Expedition, a critically acclaimed puzzle game, is now available on PS5 and PS4
A Monster’s Expedition, a critically acclaimed puzzle game, is now available on PS5 and PS4
As mentioned, it’s a relatively simple puzzler, but as expected, that basic premise gradually balloons in complexity as you can only move those logs in ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo