Why billionaire Dustin Moskovitz keeps buying up shares of his software company Asana

  • 📰 CNBC
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Asana CEO Dustin Moskovitz has taken an unusually large equity position in his company after the stock plummeted from its 2021 high.

The typical playbook for a successful tech founder looks something like this.

"It's been a wild two years in the market and there have been some interesting buying opportunities," Moskovitz said in an interview with CNBC. For Moskovitz, who has a net worth over $12 billion — mostly from his early stake in Facebook, now Meta — becoming majority owner of Asana isn't about control. Rather, he sees it as the best way to invest to support his philanthropy., a promise by some of the wealthiest people in the world to donate most of their fortunes to charity. Moskovitz and his wife, former journalist Cari Tuna, dole out their funds through Good Ventures, based on recommendations from Open Philanthropy.

"I definitely think there's a big risk there — something I spend a lot of time thinking about," Moskovitz said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines