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Twitter CEO Jack Dorsey donate $1 billion for COVID-19 relief

by Mahfuz Anam
May 11, 2020 11:37 am
in Coronavirus, Technology
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Twitter CEO
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Popular social media Twitter CEO Jack Dorsey donates $1 billion to the COVID-19 Research Fund to fight against the coronavirus epidemic. This money is equal to 28 percent of its total assets.

US-based company Twitter and Square Inc Co-Founder and CEO Jack Dorsey. Yesterday, in a tweet, Doris said he would add $ 1 billion by selling shares on the only Square Inc, not twitter shares. Then, a charity called ‘Start Small’ will work with the COVID-19 Relief Fund Worldwide.

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

Jack Dorsey’s donation amounted to about one-fourth of his total assets. According to the Bloomberg Billionaires Index, Jack Dorsey’s total assets are $ 3.9 billion. So far this is the highest donation on a personal level in the fight against the coronavirus epidemic.

The United States is the worst in terms of corona attack. There is already a crisis of medical equipment including ventilators, masks, Personal Protective Equipment (PPE) in the country. Apart from this, the people and business sectors of the country are also facing a financial crisis. So this aid is more likely to be spent in the United States.

Coronavirus has the highest number of deaths in a single day, according to Today statistics in the United States. 1,736 people died in 24 hours in the US. According to data from Johns Hopkins University, 12,122 people have died in the United States. So far, more than 1.4 million people have been diagnosed with coronavirus worldwide, including 0.398 more COVID-19 patients in the United States.

Most people died Tuesday in the United States, in the state of New York. New York is thought to be the epicenter of the virus outbreak, where 731 people died on Tuesday. New York could quickly surpass Italy as the number of people affected by COVID-19.

New York Governor Andrew Cuomo estimates that New York is approaching the final stage of the epidemic. The number of patients admitted to hospital and intensive care centers on Tuesday has declined. The Governor requested that people stay indoors and maintain social distance.”I know it’s an intense activity, however, we need to continue onward,” he said. New York people have been asked to avoid public meetings at the upcoming Easter Sunday.

Andrew Cuomo
Governor Andrew Cuomo New York, United States

Along with Twitter CEO Jack Dorsey, many US institutions and many wealthy people have come forward to help deal with coronavirus. Jeff Bezos, the founder of e-commerce giant Amazon and top US rich, says is donating $100 million to the Food Bank of a charity called Feeding America.

In a post on Instagram last week, Jeff Bezos said, “Food insecurity is an important issue for American families at this time. Bezos features a net worth of $ 123 billion. The contribution he makes is 0.1 percent of his total wealth.

The Bill & Melinda Gates Foundation has announced a $ 100 million US grant to test and treat the COVID-19 vaccine. Michael Dell, the founder of Dell Computer, also announced a $ 100 million donation. In addition, Facebook founder Mark Zuckerberg donated 30 million grants to discover the Covid19 vaccine. Jeremy Farrar, director of the London-based medical research charity, said huge investments in scientific research are the only way to survive the epidemic and save millions of lives.

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Tags: Covid-19 CrisisTwitter

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