Jack Dorsey gives one-third of its stake in Twitter for its employees




Said Jack Dorsey, co-founder and CEO of Twitter he would give one-third of his shares in the company, or about 1% of the total shares of Twitter, the Common Fund for shares of staff.

Said Dorsey, who was appointed to the position of permanent CEO of the company earlier this month, in a tweet to him through his own account on Twitter Thursday, said the move, which is equal to about 197 million US dollars as of July 28, “Re direct investment in our community. ”

The move is normal with Dorsey quest to rebuild the morale and confidence of staff in Twitter after a wave of high-level resignations over the past few months.

Dorsey was announced last week that the company plans to lay off 336 employees, or about 8 percent of its workforce, in a bid to simplify the products and teams Twitter.

Said Dorsey, who took over as interim CEO last July after the resignation of Dick Kostolo, also in the tweet, “I prefer to have a smaller part in something big instead of a larger part in something small.”

Dorsey was appointed chief executive of Twitter has raised fears among investors about whether it was able to run both Twitter and company payment via smartphone “Square” Square, which also co-founded.

It is noteworthy that the former CEO of Microsoft, Steve Ballmer, said last week he bought a 4 percent stake in Twitter, making it the third-largest individual shareholder in the company. Palmer and now owns the largest stake in Twitter from Dorsey, which has a share of about 3.2 percent of the company’s shares, according to data “Thomson Reuters”.


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