Founder and chief of US internet company Twitter Jack Dorsey promised to provide a billion dollars (roughly CZK 25 billion) to fight coronavirus. This represents more than a quarter of its total assets. Dorsey reported this on his twitter account. He will deposit the promised amount into his Start Small charity fund, in the form of Square shares, which he also founded and manages.
“I hope it inspires others to do something like that,” Dorsey, 43, said. However, it did not provide any more detailed information on the purposes for which the money will be used to combat coronavirus.
There is a shortage of lung ventilators and protective equipment in the United States, and many people have been experiencing economic problems due to coronavirus, the BBC points out.
Twitter is a free service through which users can communicate short messages. Square offers mobile payment processing.
Other billionaires from the technology industry have also decided to donate money to fight coronavirus and its consequences. Facebook founder Mark Zuckerberg, for example, promised $ 30 million, largely for the development of treatment. Amazon chief Jeff Bezos donated $ 100 million to food banks in the United States to help people struggling with food shortages during the coronavirus crisis.