By Rishika Sadam, Supriya Kurane and Yasmeen Abutaleb (Reuters) - Twitter Inc Chief Executive and co-founder Jack Dorsey said he is giving a third of his stock in the company, about 1 percent, to the employee equity pool. The move, worth $197 million as of July 28, is to "reinvest directly in our people," Dorsey, who was named as the company's permanent CEO earlier this month, said in a tweet on Thursday. Twitter did not comment further on the move. The unusual move comes as Dorsey works to rebuild employee morale and confidence at Twitter after a spate of high-level departures over the past several months. He announced last week that the company would lay off 336 employees, about 8 percent of its workforce, in an attempt to streamline Twitter's products and teams. Dorsey, who took over as interim CEO in July after Dick Costolo resigned, also tweeted "I'd rather have a smaller part of something big than a bigger part of something small." His appointment raised concerns among investors about whether he could run both Twitter and mobile payments company Square Inc, which he co-founded. Dorsey disclosed in Square's IPO filing earlier this month that he plans to donate 40 million shares, or 10 percent of the company, to a charity foundation he started that invests in artists, musicians and local businesses. He has already given back over 15 million shares to both Square and the charity foundation, he said. Last week, former Microsoft Corp Chief Executive Steve Ballmer said he has taken a 4 percent stake in Twitter, making him the third-biggest individual shareholder in the social media company. Ballmer now owns more of Twitter than Dorsey, who has a 3.2 percent stake, according to Thomson Reuters data. Dorsey, who is in his second stint as chief executive at Twitter, has rolled out a "buy now" button that allows users to make purchases and a feature that shows users the site's best tweets and content as curated by a Twitter team.
- The Telegraph
The Duke and Duchess of Sussex have been “demoted” on the Royal family’s website to bottom billing alongside the Duke of York.
"Obviously this means the lawyer must have given Trump actual legal advice," mused one social media wit.
In order to ensure his children have a 'normal' upbringing, Prince William reportedly told royal staff they can't wear this particular item of clothing.
Frankly, I don't think we need to see any of these people make a comeback. You had your shot!View Entire Post ›
"Movie-making is very hard work over a very long period of time that consists of so many moments of joy slapped up against an equal number of feelings of self-loathing," the Oscar winner said.
Ian strengthened into a major hurricane Tuesday as its track moved east into Central Florida.
A slight shift was also made on the pages for Prince William and Kate Middleton, the new Prince and Princess of Wales
Kate Middleton Will Receive the Majority of Queen Elizabeth’s Jewelry Collection—But There’s a Catch
The royal family has been sorting through Queen Elizabeth’s affairs ever since she passed away at age 96. They already confirmed that her corgis have found a new home, but the world is wondering what will happen to Her Majesty’s jewelry collection. Tim Graham Picture Library/Getty Images Kate Middleton will reportedly receive the “lion’s share” of Queen Elizabeth’s accessories. However, King Charles’s wife Camilla Parker Bowles (aka the Queen Consort) will get to pick first. Max Mumby/Indigo/Get
“I feel so good turning 50, and this is about expressing that sense of energy and optimism.”
NASCAR officials handed out two sizable penalties Tuesday for rough driving, docking William Byron and Ty Gibbs for their roles in separate incidents in last weekend’s Cup Series race at Texas Motor Speedway. Byron was hit with a 25-point penalty in both the driver and team owner standings for bumping Denny Hamlin out of position […]
Republicans took their revenge on Democrat Manchin over his vote last month for Democrats' big climate and health law, the Inflation Reduction Act.
- Rolling Stone
The Kremlin chooses to escalate the war in Ukraine with a dangerous gamble, but the signs of an unraveling are becoming clearer both at home and abroad
- Bradenton Herald
Here’s what to know Tuesday as Bradenton and Manatee County prepare for a possible major hurricane.
- The Advocate
Buttigieg did not come to play.
- Women's Health
Addison Rae, 21, was spotted in Los Angeles this week sporting spandex booty shorts and her epic, sculpted butt. Addison is all about Pilates and pasta.
- In The Know by Yahoo
A dentist has stunned her TikTok viewers after revealing that the majority of people are using mouthwash incorrectly. The post Dentist stuns viewers with revelation about mouthwash appeared first on In The Know.
In Katie Nicholl's upcoming book "The New Royals," she writes that Queen Elizabeth intervened when Meghan Markle clashed with a royal staffer.
- Seahawks Wire
On the bright side, their ex isn't doing much better.
Week two saw Sarah Michelle Gellar tearfully cheering on her best friend Selma Blair, Teresa Giudice dedicating her dance to her late father and one couple's chemistry raising eyebrows
It's time to audit those fantasy rosters. Jennifer Eakins suggests some players to cut for your Week 4 waiver wire pickups.