The Twitter co-founder made the headlines as he did something noble amidst Twitter's rocky status in terms of its social media standing. Over the past years, Twitter isn't doing great compared to its social media peers. As per the Celebrity Net Worth, the company recently had to lay off several employees. What's shocking about the layoff is that, most staff members only found out about it via iOS notifications.
Though the layoff may be a bit tragic, the remaining employees are in for a surprise. As per the website, Jack Dorsey is treating the rest of the staff to some awesome news. Dorsey recently announced that he will give "a third of his personal stock in the company" to his valued employees.
After making an announcement through Twitter, he stated that part of his plan is to "invest directly in his people." The website then added that the share is about one percent of Twitter's total shares, which is roughly about $200 million. This amount would be shared by all of Twitter's employees.
Jack Dorsey then Tweeted:
"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 stock sharing with his employees is the second drastic move that Dorsey made just 2 weeks after being named as the CEO. He's also a CEO of Square, Inc. which is a payment process service.
As per Forbes, Jack Dorsey has a net worth of 2.2 billion. He was a self-taught computer coder and a college drop out. He quit New York University in 1999. He first became a certified masseur and went into fashion design before converting into tech.
He co-founded Twitter back in 2006 with Ev Williams, Biz Stone, and Noah Glass. He became the country's chief executive until 2008, before shifting into a chairman.
