#Twitter co-founder Jack Dorsey pledges $1 billion for #coronavirus relief

Twitter founder Jack Dorsey announced Tuesday that he would transfer $1 billion of his equity in Square to a new foundation that will support coronavirus relief efforts before transitioning later to focus on other causes.

In a Twitter thread, the billionaire CEO explained that the newly founded Start Small Foundation would support "global COVID-19 relief" efforts before transitioning after the pandemic's resolution to focus on supporting universal basic income (UBI) experiments as well as health and education efforts aimed at young women.

I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here: https://t.co/hVkUczDQmz

— jack (@jack) April 7, 2020

Why UBI and girl’s health and education? I believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl’s health and education is critical to balance: https://t.co/dC3dU6hvxB

— jack (@jack) April 7, 2020