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A comment on Jack Dorsey giving up 30% of his stake in Square to help underserved communities.

Re:Jack Dorsey giving up 30% of his stake in Square to help ... by stpe on Thursday October 15, 2015 @07:30AM (#10392500)
Updated title on original source: "Jack Dorsey is giving up at least 50% of his stake in Square to help underserved communities"

Update: This post has been updated to correct that Dorsey will commit 10 percent of the entire company, not just his equity as previously stated. In addition, our calculations were off and I regret the error.

This is commendable. Actually intending to making the world a better place (in the non HBO-Silicon-Valley-Show-way).

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Re:Jack Dorsey giving up 30% of his stake in Square to help ... by rco8786 on Thursday October 15, 2015 @09:17AM (#10392918)
Jack owns ~24% of the company. It is just his equity.
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Re:Jack Dorsey giving up 30% of his stake in Square to help ... by flintchip on Thursday October 15, 2015 @09:21AM (#10392938)
Yes, but 10% of 100% is a lot more than 10% of 24%.
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Re:Jack Dorsey giving up 30% of his stake in Square to help ... by rco8786 on Thursday October 15, 2015 @10:24AM (#10393292)
It was reported that he would be giving up 30-50%(now at least 50% apparently) of his own stake. Which comes out around 10% of the entire company, depending on what number is actually correct.
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