Jack Dorsey pledges $1 billion of his Square equity for COVID-19 relief efforts

© Reuters. FILE PHOTO: Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi


(Reuters) – Square Inc (NYSE:) and Twitter Inc (N:) chief executive officer Jack Dorsey said on Tuesday that he pledged $1 billion of his equity in the payments processor toward efforts aimed at fighting the coronavirus outbreak.

In a series of tweets, Dorsey said the amount, representing about 28% of his wealth, will be donated to a charitable fund, Start Small LLC, which would later focus its attention to girls’ health and education.

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