Twitter CEO Jack Dorsey pledges $1 billion to coronavirus relief efforts

Jack Dorsey, Twitter's CEO and co-founder has just pledged to donate $1 billion to fight the coronavirus pandemic - the largest pledged amount by a private individual so far. Dorsey is also the CEO and co-founder of Square Inc. - a payments platform. Dorsey announced his decision to donate $1 billion via Twitter, where he said he would make the donation using $1 billion in Square shares - approximately 28% of his estimated net worth.

“After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI,” Dorsey said. “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,” Dorsey tweeted. To ensure transparency, Dorsey said all of the share donations would be tracked through a public Google Sheet.

Other coronavirus relief top donors include Bill and Melinda Gates, who have promised to donate $100 million which makes up less than 1% of their wealth. The world’s richest person, Amazon.com Inc.’s Jeff Bezos, will donate $100 million to Feeding America. Michael and Susan Dell have committed another $100 million to worldwide relief efforts.

Comments

Princess Qajar - The Revolutionary Persian Princess

Zahra Khanom Tadj es-Saltaneh commonly referred to as Princess Qajar was a princess and memoirist of the Qajar Dynasty. Princess Tadj was one of the best known daughters of the Persian king, Naser al-Din Shah Qajar who ruled Persia from 1848 to May 1896. The Persian princess was born on February 4, 1883 and died on January 25, 1936, in Tehran, at the age of 52. Princess Qajar revolutionized beauty standards with her full look and ragged unibrow, and her unmistakably evident mustache. She was a true epitome of beauty at her time. Princess Qajar was declared a symbol of beauty in Persia and was coveted by many men. Thousands of men wanted to marry her, 13 of whom committed suicide upon being rejected by the princess. Princess Qajar eventually married Amir Hussein Khan Shoja'-al Saltaneh and had they had four children - two boys and two girls. They later got divorced in 1907 after enduring an unloving arranged marriage - she married Khan when she was 13. The princess argued f

The Lehman Brothers Scandal (2008)

Company Background : Lehman Brothers Holdings Inc. was a firm specialized in the provision of global financial services. It was founded in Montgomery, Alabama, in the United States of America. The company had headquarters in New York City, New York, in the U.S. It ceased operations in 2008. The founders were: Henry Lehman, Emmanuel Lehman and Mayer Lehman. What Happened? Lehman Brothers hid over $50 billion in loans disguised as sales. They allegedly sold toxic assets [1] to Cayman Island Banks with the understanding that they would eventually be rebought. How they were caught : Their bankruptcy led to the discovery of the fraud. They filed for bankruptcy in 2008, which is the largest bankruptcy ever recorded. Their case was larger than that of Enron, Washington Mutual, WorldCom and GM combined. On September 15, 2008, Lehman brothers filed for Chapter 11 bankruptcy protection (Montgomery, n.d.) . Their bankruptcy filing came in as a blow to the financial industry as i

The finger-cutting tradition of Indonesia's Dani tribe

The death of a loved one is always an extremely painful thing to bear, and people of different cultures grieve in diverse ways, some more unique than others. A typically unique way of grieving is that of the Dani (an Indonesian tribe). Finger-cutting is a fundamental part of grieving for women of the Dani tribe, and pertains to their women only. According to The Globe and Mail, an estimated 250,000 Dani tribe members live in a town named Wamena, in the extremely remote central highland area of Papua Province. Wamena is only accessible by plane. Upon the death of a loved one, the top joint of one of a woman's fingers would be amputated, and smear ashes and clay across their faces. Prior to amputation, a string would be firmly tied to the upper half of the woman's finger for 30 minutes, to cause numbness. This was to reduce the pain from amputating the tip. In most cases, the responsibility of cutting off the top joint of the finger is assigned to one of the woman's

Raissa's Blog - Best of Sports, Culture, and Entertainment

Search This Blog