1/3rd Twitter CEO Share Will Be Given To The Employer

To enhance the morale and spirit of employees after announcing restructuring and lay off workers on 13 October, Twitter CEO Jack Dorsey has announced via Twitter that he would give 1/3 of the shares to employees. His announcement was made during his meeting with the workers.

🐥⚡️ I'm giving ~1/3rd of my Twitter stock (exactly 1% of the company) to our employee equity pool to reinvest directly in our people.
— Jack (@jack) October 23, 2015

According to him, 1/3 of the shares, equivalent to 1% of the company worth US$214 million. Dorsey also said that he is willing to take a small part of something bigger than take the bigger part of something small.

As for me: 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! ✌️
— Jack (@jack) October 23, 2015