Jack Dorsey, twitters current CEO has given away a third of his stocks to Twitter employees equity pool.
The shares worth $200million,said is to " reinvest directly in our people"
He announced last week that the company will lay off 336 employees as to allow twitter streamline products and team.
This move is to rebuild confidence in the company 's employee, as twitter has witnessed a spate of high level departure in the last few months.
Dorsey who co-founded twitter, took over as interim CEO in July when Dick Costello resigned as CEO.
He also tweeted " I'd rather have a small part of something big, than a bigger part of something small "
Twitter investors have raised concerns about whether he could run both twitter and mobile payment company he also co-founded.
According to reuters, Steve Ballmer, former Microsoft CEO, with 4% stake, now has more shares than Dorsey with 3.2%.
The shares worth $200million,said is to " reinvest directly in our people"
He announced last week that the company will lay off 336 employees as to allow twitter streamline products and team.
This move is to rebuild confidence in the company 's employee, as twitter has witnessed a spate of high level departure in the last few months.
Dorsey who co-founded twitter, took over as interim CEO in July when Dick Costello resigned as CEO.
He also tweeted " I'd rather have a small part of something big, than a bigger part of something small "
Twitter investors have raised concerns about whether he could run both twitter and mobile payment company he also co-founded.
According to reuters, Steve Ballmer, former Microsoft CEO, with 4% stake, now has more shares than Dorsey with 3.2%.
Jack Dorsey is an American programmer and entrepreneur widely known as a co-founder and CEO of Twitter, and as the founder and CEO of Square, a mobile payments company. Wikipedia
Born: November 19, 1976 (age 38), St. Louis, Missouri, United States
Height: 5' 11"
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