Mark Zukerberg gives half a billion dollars to Silicon Valley charity | TigerDroppings.com

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rickgrimes
LSU Fan
Member since Jan 2011
2999 posts

Mark Zukerberg gives half a billion dollars to Silicon Valley charity


quote:

Facebook CEO Mark Zuckerberg is donating half a billion dollars in Facebook stock to a Silicon Valley charity in his largest donation to date. As reported by The Associated Press, the recipient is the Silicon Valley Community Foundation, which will decide, along with Zuckerberg, exactly how to dish out the cash. It has been said that the money will be used to focus on health and education issues.

The donation of 18 million shares had a closing price of $498.8 million on Tuesday, making it roughly five times the size of Zuckerberg’s 2010 donation to Newark, New Jersey’s public school system. Later the same year, Zuckerberg signed the Giving Pledge, an initiative engineered by Bill Gates asking the world’s richest to give away the majority of their fortunes.

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This post was edited on 12/19 at 12:54 am



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Carson123987
LSU Fan
Middle Court at the Rec
Member since Jul 2011
36024 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


wow. good for him





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Nonetheless
Kentucky Fan
Lebron fan
Member since Jan 2012
13760 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


It ain't tricking if you got it.





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Cecil D Diesel
USA Fan
Shaolin
Member since Mar 2011
8955 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


That is a real baller, ladies and gents.





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Kashonly
Iona Fan
Member since Jan 2006
27394 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


meme generator

steals money, buys goodwill by giving some of it away






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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


This puts faith back in humanity, great news





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Nonetheless
Kentucky Fan
Lebron fan
Member since Jan 2012
13760 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


If he was truly generous, he would've just donated a billion dollars.





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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
292034 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


and thus the debate of impact emerges

had ole zuck invested $500M in a worthwhile business, would it affect more lives?






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Celery
Southern Fan
Cornball
Member since Nov 2010
5757 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


Somehow he'll make money out of this. Shady genius bastard. He's probably readin this right now.





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lsuwontonwrap
LSU Fan
Member since Aug 2012
12196 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


That's great, but considering how much he has/will have, that's really not a lot.





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JohnnyKilroy
New Orleans Pelicans Fan
Member since Oct 2012
8320 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


quote:

He's probably readin this right now.



He's probably a few inches deep into a mini coke mountain right now. Then he'll bang an OT 10 or two before hitting the bars.






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fightin tigers
Downtown Prairieville
Member since Mar 2008
20806 posts
 Online 

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


Wonder how long they have to hold the stock, or if it will be spread out over 10-20 years.

No way he gave all the stock at once with no stipulations. Could harm his company if they sell it all tomorrow.

10-20 years that stock could be more of a burden than a gift.






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Cold Pizza
Ohio State Fan
Member since Sep 2011
7639 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


All that $$$'s and OT Ballin' and his wife's still uglier than shite.





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CtotheVrzrbck
Arkansas Fan
Tulsey Town
Member since Dec 2007
21595 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


quote:

Wonder how long they have to hold the stock, or if it will be spread out over 10-20 years.


exactly what I was thinking. They need to cash it out now before it's only worth $420M next week.






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TigerDonk
LSU Fan
BR
Member since Dec 2011
618 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


Usually there is an exit strategy, for example, 25M/Year.
Biggest problem is the charity has to plan the use of the funds, sounds like ole zuckey wants to make sure it's spent well. (Smart)






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NATidefan
Alabama Fan
Two hours North of Birmingham
Member since Dec 2008
23517 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


Now I want to watch the social network.





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That's BS
New Orleans Pelicans Fan
Smoothie King Center/Ponchatoula,LA
Member since Jan 2012
1025 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


A half a billion dollars isn't cool. You know what's cool? A billion dollars.





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Ba Ba Boooey
LSU Fan
NOLA
Member since May 2010
2846 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


Damn, why can't he pay my school loans off or something instead of this shite.





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Tru Adam3000
LSU Fan
Baton Rouge
Member since Dec 2011
123 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


gg zukerburg.





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2close2Gainesville
Alabama Fan
Huge
Member since Sep 2008
3803 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity


Meh, half a billion dollars? Wake me up when I give a frick.





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