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



Carson123987
LSU Fan
Middle Court at the Rec
Member since Jul 2011
40914 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
17729 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
8989 posts

re: Mark Zukerberg gives half a billion dollars to Silicon Valley charity
That is a real baller, ladies and gents.


Iona Fan Man
Iona Fan
Member since Jan 2006
27462 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


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
17729 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
306323 posts
Online

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?


Celery
Southern Fan
Cornball
Member since Nov 2010
6227 posts
Online

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.


lsuwontonwrap
LSU Fan
Member since Aug 2012
17232 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.


JohnnyKilroy
New Orleans Pelicans Fan
Member since Oct 2012
8683 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
28346 posts

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.


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.


CtotheVrzrbck
Arkansas Fan
Tulsey Town
Member since Dec 2007
25333 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.


TigerDonk
LSU Fan
BR
Member since Dec 2011
701 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
25126 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
1224 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
2915 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.


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

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


2close2Gainesville
Alabama Fan
Huge
Member since Sep 2008
4758 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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