ORLANDO, Fla. – The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. DORSEY’S FUND: Twitter CEO Jack Dorsey is setting aside $1 billion in stock to establish a philanthropic venture focused initially on global relief efforts for the COVID-19 pandemic.
Dorsey, who is also CEO of the financial-payments startup Square, will bequeath the new venture shares from his Square holdings.
Dorsey announced the new venture, called Start Small, in a series of tweets, and said the contribution amounts to 28% of his fortune.
The organization will disclose all transfers, sales and grants on a public Google Doc spreadsheet. Start Small won’t be limited to COVID-19 work. ``Once we have disarmed this pandemic,'' he