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Twitter CEO gives a third of his Twitter stake to employees

Twitter's newly returned CEO Jack Dorsey announced via Twitter that he plans to give around a third of his personal stake in the company —around 1 percent of Twitter — to an employee equity pool.

"I'm giving around 1/3 of my Twitter stock (exactly 1 percent of the company) to our employee equity pool to reinvest directly in our people," he tweeted late Thursday U.S. time. "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!"