Dorsey to donate his 1st Tweet benefits to charity

[paxmao]

Following on my previous post on the auction of a NFT, Dorsey has decided to donate all the money for income support across a number of cities.

Twitter boss Jack Dorsey has donated $15m (£11.2m) to fund universal basic income programmes in the US. The donation, his second in support of the initiative, will help cities send cheques to more than 1,500 families.

While I am not surprised (why would Dorsey try to make money in such a way for himself?), and I am sure it will help many families, I find contradictory that the managers of companies that scrap the las bit of the tax law and setup complex structures in fiscal heavens, then decide to "give back" in such a publicly notorious way. It is just and exercise of PR and it is lame.

[1714709756]

1714709756

[LeGaulois]

Many corporations do the same thing, it's called the art of false generosity. The Bill & Melinda Gates Foundation is one of the best examples. Doing business through charity work or a good opportunity to get a very good advertising campaign.
They still get an ROI at the end and Dorsey is not acting differently. Honorable patriotism but I am not from the US so do not care

Despite what you may think, it is a lot of money, but to help all eligible households every month, it is not a lot

(why would Dorsey try to make money in such a way for himself?

Why not? If it was me I wouldn't give any penny

[Fatunad]

As expected from other view of point instead on getting some praises then these people do rather get some "meh" kind of reactions as we do know on whats behind those kind faces
showing off that they do really care.

I agree with that PR thing and as long they would really benefit it out then they dont mind on spending into something just for them to get even more with that.
Its a casual politician or who have upper positions typical movements or behavior.

[Twinkledoe]

He is okay with donating it all because in the first place, it doesn't come from his pocket. And it is just a mere tweet from him. And besides, by doing this "good samaritan" thing, he is earning good points from the community. Getting attention and power, without lifting a finger. Now, that's a good strategy from his end.

[hatshepsut93]

Well, at least some of the money from all this stupid NFT hype was used for something good. Call it a publicity stunt, but $15m isn't exactly small money even for Dorsey, so it's quite nice of him to donate these money to a social program.

But on a large scale it's all pretty irrelevant, you can't fund something like UBI with donations from selling NFTs. This shouldn't be used as a proof that crypto is doing good for society, in case someone is having this line of thought.

[Taskford]

Publicity equals good lifting up on his image towards this industry but anyways as long as the money goes to the charity well that's totally fine since the amount given can really change lives of certain people there, And hoping to see more big guys and influencer doing this so that charity institution can cater more people in there institutions.

This shouldn't be used as a proof that crypto is doing good for society, in case someone is having this line of thought.

Yeah right even though many bad angles splattered due to illegals stuff made by several criminals still it has a bright side by seeing this donation activities by popular guys.

[Kittygalore]

Thank God that there are people that is pushing to make UBI(Universal Basic Income), this is life changing thing with the growing population and with more and more industries leaning into automation, a lot of people are going to lose their jobs and UBI could be one of the many solutions to prevent catastrophic things from happening. It is a good move for Jack Dorsey to donate the money from his first NFT to a charity because this can help in promoting his idea and make more people try to buy his NFTs because they are now conditioned that they are buying something that will contribute to the society.

[aysg76]

The starting bid for the NFT of Dorsey first ever tweet "Setting up my twiiter" was $2.5 million and auctioned by CEO of one of cryptocurrency firms.The bid is still ongoing and will end on 21st March and the amount will be donated to GiveDirectly.It is a nonprofit organization which allows donors to send money directly to people living in poverty around the world.So how much Dorsey have it's not easy to donate for some kind reasons and if he is doing so we need to appreciate it.All the billionaire around the globe can help to eradicate poverty but are they contributing towards it? No, so if someone is donating for noble cause we need to appreciate him rather than saying he have money to donate but he has big heart with money.

[paxmao]

(why would Dorsey try to make money in such a way for himself?

Why not? If it was me I wouldn't give any penny

Because his time is actually more valuable. I do not know your circumstances, maybe for you (or me for that matter) that sum means something, not for him.

[mu_enrico]

It's a way to promote UBI. OMG, tech giants are really into politics with their leftist agenda!
I think most people do charity for these reasons:
(1) Feel good about himself
(2) PR
(3) Political agenda

Very few people give charity and expect nothing in return (not even acknowledgment). It's those who give anonymously.

[bassbity]

for me personally both the donation made by Dorsey is said to be looking for a sensation, compliments or something like that. it comes back to people who see it from their own point of view. I just hope that the donation made to 1,500 families becomes one of the motivations for all those who have more wealth to do the same. plus when this pandemic condition continues to be prolonged, it has provided relief for people in need. Maybe we should look more positively, regardless of Dorsey's intention to be praised or whatever. However, donations during an economic crisis due to a pandemic are very important. the judgment that comes out of our mouth, is only quantitative in nature, cannot penetrate the purpose and meaning contained in the qualitative points in a person, including Dorsey.

[bassbity]

Very few people give charity and expect nothing in return (not even acknowledgment). It's those who give anonymously.

I agree to give alms anonymously as a method of alms to avoid being arrogant and not wanting to be praised. What if it was done solely for the sake of spreading the word so that those who have wealth are moved to give charity?
isn't setting an example better than just giving orders.
better with all the speculation people judge. Instead of owning property and not giving at all, to daring to eat up the rights of those who really need them.

Which one do you choose?
1. You are rich, and donate to attract the hearts of others to share in charity, or you are rich, but do not feel touched to donate to the needy.

As educated people, we are required to see things from a different perspective. when plan A cannot be implemented, then plan B is always ready to be carried out.

[TedMosby]

the highest bid is still $2.5M by @sinaEstavi.
not sure who is he. but according to his twitter profile, "CEO at @Bridge_oracle & @Cryptoland_en"
seems like Justin Sun really wants it lol.



since this tweet already announced for charity, big companies should try to join this race. it will be good for their branding.

wait, where are those people who bought random art for an expensive price? now it makes sense that NFT is full of market manipulation 

[mu_enrico]

I agree to give alms anonymously as a method of alms to avoid being arrogant and not wanting to be praised. What if it was done solely for the sake of spreading the word so that those who have wealth are moved to give charity?

Anonymity can do that as well. Imagine a name like "HumanityPrevails" giving $2.5 million to the charity. Isn't that a powerful message?

Once I give up my anonymity (about charity), my motivation is no longer sincere. Moreover, even if I give it anonymously, the part of "want to feel good about myself" will still there. Of course, nobody is perfect, but "Jack Dorsey donated to fund UBI" contains more political interest than a simple charity.

[el kaka22]

Jack Dorsey worths 12+ billion dollars, that should be good enough reason to donate 15 million dollars that he got out of nowhere, he doesn't need that kind of money at all. In fact he should be paying more taxes than he currently pays and the difference is much bigger than the 15 million he paid, Jeff Bezos pays about 100-200 million dollars in donations every year as well, if he paid even 10% federal taxes he would have paid over 20 billion dollars this year.

These "donations" that the rich does is basically a way to show the world that they are not bad people, that is what they are trying to do, they are saying "we are not taking it all, we are helping others too" and media helps them get the news heard, reality is that they are only paying fraction of what they should be. None of this "gave it to basic income initiative" news brings me any joy.

[Kong Hey Pakboy]

Jack Dorsey worths 12+ billion dollars, that should be good enough reason to donate 15 million dollars that he got out of nowhere, he doesn't need that kind of money at all. In fact he should be paying more taxes than he currently pays and the difference is much bigger than the 15 million he paid, Jeff Bezos pays about 100-200 million dollars in donations every year as well, if he paid even 10% federal taxes he would have paid over 20 billion dollars this year.

These "donations" that the rich does is basically a way to show the world that they are not bad people, that is what they are trying to do, they are saying "we are not taking it all, we are helping others too" and media helps them get the news heard, reality is that they are only paying fraction of what they should be. None of this "gave it to basic income initiative" news brings me any joy.

No, those donations are a write off during the tax season for this billionaires, they are not bad people per se but we all know that they are exploiting people. Imagine if Bezos didn't donate but instead made a livable wages for his workers and have the working conditions of their workplace improved, that will be for the better, you can't donate for good cause but at the same time exploit your workers, that is a little bit hypocritical. This donation to the charity is just a way to promote the NFT that Dorsey is going to make.

[Leviathan.007]

I don't know why buy I was expecting to see Dorsey donating the benefits from first tweet. This way he can get more reputation between people for himself and his company. He is not actually donating the money from himself, the money he donated came from benefit of selling first tweet by NFT. It was smart move, don't forget Dorsey is a billionaire and spending the amount 15m bucks wihle it's not came from him pocket for earning more reputation is smart move.

[Karartma1]

I don't see the point with all this nft shit. I saw a guy buying a banksy, creating the nft of it and burning the drawing! What's the point in having a digital represantion of that. It's so silly too me all this!
Will stick to my bitcoins. jeez

[poodle63]

seems like Justin Sun really wants it lol.

lmao. it seems he really wants to get involved on anything related to crypto that have potential of marking his name in the history book of crypto LOL. atleast if justin sun happens to really want it and bought it at higher price all the money goes to charity and not to waste.

[iamsheikhadil]

Well, we should appreciate the action but as you said, the companies really try hard to not pay tax and pay the minimum, and then going out and doing charity by promoting their name is cringy, and not something for which praise will come out from heart. It's just that the action is good, but the way of his implementation makes it negative and fake. Should have done it in private so that he could achieve some mental peace for doing something good, and they have so much money, it's not that they are cutting their lifestyle by lots when doing such promotional charity, but nonetheless, the charity is good.