Oct 25, 2015

Twitter CEO gives away 1/3 of his stake to the Staff

twitter ceo gives stock employees jack dorsey

"I'm giving around 1/3 of my Twitter stock to our employee equity pool to reinvest directly in our people," Jack Dorsey announced on Twitter on Thursday. "I'd rather have a smaller part of something big than a bigger part of something small. I'm confident we can make Twitter big!"

The development comes a few weeks after Twitter said it would sack 336 employees globally.

Twitter Valuation:
One per cent of Twitter is currently worth an estimated $198 million.
One third of stock equals about 7 million shares valued at $200 million

Philanthrophy
Dorsey has also committed to give away 40 million shares of Square, or 10 per cent of the total outstanding stock, to Start Small Foundation last week.



Tags: twitter, stock, ceo, give away, one third, square, jack dorsey, 

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