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'

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. 

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Jack Dorsey

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."

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Signal on iPhone screen

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." 

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Jack Dorsey, co-founder of Twitter

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.