Twitter's Jack Dorsey pledges $1billion for coronavirus relief

Twitter co-founder and CEO Jack Dorsey said Tuesday he was committing $1 billion to coronavirus relief through his philanthropic fund.

Dorsey said in a series of tweets that he would transfer his equity in his digital payments group Square to his limited liability corporation Start Small, contributing around 28 percent of his overall wealth.

“Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime,” Dorsey said.

“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.”