Jack Dorsey says he's pledging $1 billion to help fight the coronavirus outbreak

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Jack Dorsey says he's pledging $1 billion to help fight the coronavirus outbreak
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Jack Dorsey: 'I’m moving $1B of my Square equity (~28% of my wealth) to startsmall LLC to fund global COVID-19 relief.'

"Why UBI and girl's health and education? I believe they represent the best long-term solutions to the existential problems facing the world," he wrote.

Dorsey said he was pulling money from Square and not Twitter for a simple reason:"I own a lot more Square. And I'll need to pace the sales over some time."As for why he's making this investment now:"The needs are increasingly urgent," Dorsey wrote,"and I want to see the impact in my lifetime. I hope this inspires others to do something similar. Life is too short, so let's do everything we can today to help people now.

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