Sat. Apr 20th, 2019

The CEO does not charge a euro for running the company

El consejero delegado de Twitter apenas cobra un euro por dirigir la empresa

The CEO and co-founder of Twitter, Jack Dorsey, he received a salary of barely $ 1.40 -No more than 1 euro- in 2018 for his role at the head of the social network. The figure, 140 cents, refers to the 140 characters to which the messages on the portal were initially limited.

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According to documents sent by the company to the SEC, the US securities regulator rejected any compensation or complementary benefits, both in cash and in shares. He does so as a sign of his "commitment and faith in the potential of creating long-term Twitter value", is reflected in the documents.

Based on data from Forbes, Dorsey accumulates a fortune of 5,300 million dollars, some 4,700 million euros.

About 1,000 million

The company closed in 2018 the first year with benefits

The manager, who returned to take the reins of the company in October 2015, after stepping aside in 2008. In 2015, 2016 and 2017 Dorsey had rejected any type of compensation. Since 2017 Twitter has extended the character limit to 280, but its salary has been referenced to the origins of the social network.

The company closed its 2018 first year with benefits since its foundation, back in 2006. It earned 1,062 million euros, but announced that the start of 2019 would come with worse revenues. The social network enters through two channels: advertising and the sale of personal data.

Twitter measures its users by the ability to monetize. Thus, in 2018 it had 126 million daily monetizable users, 9% more than a year before.

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