{"id":30771,"date":"2020-04-08T06:08:50","date_gmt":"2020-04-08T06:08:50","guid":{"rendered":"https:\/\/www.englishforums.com\/news\/?p=30771"},"modified":"2020-04-08T06:08:50","modified_gmt":"2020-04-08T06:08:50","slug":"twitter-co-founder-pledges-1-billion","status":"publish","type":"post","link":"https:\/\/www.englishforward.com\/news\/twitter-co-founder-pledges-1-billion\/","title":{"rendered":"Twitter co-founder pledges $1 billion for coronavirus pandemic relief"},"content":{"rendered":"<p><strong>The Twitter co-founder will be contributing $1 billion to address the coronavirus pandemic. The move comes after the virus devasted regions across the world causing the collapse of economies and laying off of workers.<\/strong><br \/>\nTwitter co-founder and the chief executive of the company, Jack Dorsey, has pledged a donation of $1 billion<a href=\"https:\/\/www.englishforums.com\/news\/us-war-on-science-hindered-covid-fight\/\" target=\"_blank\" rel=\"noopener\"> for coronavirus<\/a> relief. Dorsey made the announcement on Twitter on Tuesday, April 7th where he stated the funds will be used for charitable causes.<\/p>\n<h2>The Twitter co-founder pledge<\/h2>\n<p>Dorsey, t<a href=\"https:\/\/twitter.com\/jack\/status\/1247616214769086465\" target=\"_blank\" rel=\"noopener\">hrough his twitter account<\/a>, said the funds will be used for girls\u2019 health education during this period. He also indicated that the funds will also go into a universal basic income and promised that the charitable efforts will be transparent. According to Dorsey, these fundings will help to disarm the scourge of the virus which has devastated the US and other countries globally.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m moving $1B of my Square equity (~28% of my wealth) to <a href=\"https:\/\/twitter.com\/hashtag\/startsmall?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#startsmall<\/a> LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl\u2019s health and education, and UBI. It will operate transparently, all flows tracked here: <a href=\"https:\/\/t.co\/hVkUczDQmz\" target=\"_blank\">https:\/\/t.co\/hVkUczDQmz<\/a><\/p>\n<p>&mdash; jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1247616214769086465?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 7, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n&nbsp;<br \/>\nThe billion-dollar contributions will come from his other company, Square, where he plans to sell stake in order to fund the fight against coronavirus. This will be about 28 percent of Dorsey\u2019s net worth, which Forbes estimates to be about $3.3 billion.<br \/>\nHe said the reason he decided to pull the funds from Square, rather than twitter was that he had more shares and control over Square. It was therefore realistic to use funds tied with Square, a digital payment company he owns.<\/p>\n<h2>Motivation for charity<\/h2>\n<p>He also explained the reason he decided to took the step right now was because he wanted to inspire others like him to contribute to the cause. He also said the devasting effects of the coronavirus and action was needed. He highlighted that life was too short and called on everyone to do everything they can to help those in need during this pandemic.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Why now? The needs are increasingly urgent, 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\u2019s do everything we can today to help people now. \u270c?<\/p>\n<p>&mdash; jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1247616218153902080?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 7, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n&nbsp;<br \/>\nHis emphasis on transparency, he argued was to help people realize where the funds will be spent. Until now, Dorsey kept his charitable work private but he stated in the tweet that going forward, he would ensure that all his donations were public. He said this might inspire others to contribute to similar charitable causes.<\/p>\n<h2>Other contributors<\/h2>\n<p>Other billionaires who have donated into charities during this pandemic are Bill Gates with $125 million in research, Jeff Bezos with a contribution of $100 million in food relief funds and Mark Zuckerberg who donated $25 million which went to research through Bills and Melinda Foundation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Twitter co-founder will be contributing $1 billion to address the coronavirus pandemic. The move comes after the virus devasted regions across the world causing the collapse of economies and laying off of workers. Twitter co-founder and the chief executive of the company, Jack Dorsey, has pledged a donation of $1 billion for coronavirus relief. [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":30784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/30771"}],"collection":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/comments?post=30771"}],"version-history":[{"count":0,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/30771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media\/30784"}],"wp:attachment":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media?parent=30771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/categories?post=30771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/tags?post=30771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}