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