Jack Dorsey announces he will give grant of $1 million per year to Signal app
The grant is the first of many Jack Dorsey plans to make to support 'open internet development'
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Jack Dorsey, co-founder and former CEO of Twitter, said he will give $1 million per year to encrypted messaging app Signal.
Dorsey made the announcement Tuesday in a blog post on Revue, a newsletter service owned by Twitter.
The $1 million per year payment he plans to give to Signal will be made as a grant to the company.
Jack Dorsey, co-founder and former CEO of Twitter, said he will give $1 million per year to encrypted messaging app Signal. ( Eva Marie Uzcategui/Bloomberg/ / Getty Images)
The move by the ex-Twitter boss is the first in a series of grants he intends to make to support "open internet development."
The $1 million per year payment Dorsey plans to give to Signal will be made as a grant to the company. ((Photo illustration by Chesnot/Getty Images) / Getty Images)
In his post on Revue, Dorsey said social media should not be "owned by a single company or group of companies."
The move by the ex-Twitter boss is the first in a series of grants he intends to make to support "open internet development." (Getty Images)
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He also said social media needs to be "resilient to corporate and government influence."
Reuters contributed to this report.