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Twitter Co-Founder Jack Dorsey just made $974 million in cash after Elon Musk buyout of Twitter at $44 Billion

By Team Tech Outlook Published on April 26, 2022, 02:07 IST

Twitter Co-Founder Jack Dorsey just made $974 million in cash

Jack Patrick Dorsey is an Internet entrepreneur, programmer, and philanthropist from the United States. He is the co-founder and former CEO of Twitter, as well as the founder and CEO of Block, Inc., a financial payments company.

Elon Musk has finally bought twitter which he was aiming for. Now Twitter is going to delist all its shares and now Twitter will be a Pvt. Ltd. company 100% owned by billionaire Elon Musk.

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Out of the $44 billion dollar deal, Jack Dorsey is claimed to gain around $974 million in cash after the sale. He is currently working actively on the square payment platform.

Square was valued at $61.65 billion on Monday, with revenue of $17.7 billion in 2021.

Mr. Dorsey said in 2020 that he would invest $1 billion of his Square shares into Start Small LLC, which would focus on combating the coronavirus pandemic first.

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