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Child Item

Zuckerberg Giving Away 99% of His Facebook Shares

Thargor

http://www.bbc.com/news/world-us-canada-34978249

45 billions worth apparently.

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PARlance

Costly baby brain moment.

Skoop

That's nice of him.

whiskeyman

A monorail for every city in the world!

Thargor

I always thought if I was that rich Id run an Apollo program into super efficient solar panels then give the technology away, even a fairly modest increase in efficiency of solar panels would mean you'd be mad not to have them on your roof anywhere on the planet and they're slowly improving as it is, that would be a major shift towards the better.

2Mad2BeMad

can I have some please Mark? I'll buy you a pint of Guinness

smash

Be nice if he was to distribute it to Facebook users... I wouldn't complain like.

Thargor

Looks like its over his lifetime not right away as it first sounded anyway.

fleet_admiral

I doubt we will see him shopping in Adld

Thargor

fleet_admiral wrote: »

I doubt we will see him shopping in Adld

I doubt we'll see anyone shopping in Adld tbh.

BMJD

fock it, he's only giving it to "good causes", no chance of me getting some

fleet_admiral

Thargor wrote: »

I doubt we'll see anyone shopping in Adld tbh.

Its too long to write Aldi/Lidl

the evasion_kid

that graffiti artist David choe who painted Facebook offices when it was starting up and instead of taking payment took stocks instead is worth 200 million today...jammy git

paleoperson

Anyone know why there are so many people of foreign ethnicities in Lidl?

I normally go to Dunnes, the level of foreign ethnicity in Lidl was really startling. I've noticed this before but this time it's as if I was in eastern europe. It seems weird if their brand loyalty or clubcard points from eastern europe are keeping them there.

Superhorse

Face what?

RobertKK

Sure Mark sold some shares a while back to pay a tax bill....he sold shares and received $2.3 billion.

What he is doing is good and is to be commended. He has all the money he will ever need.

Thargor

paleoperson wrote: »

Anyone know why there are so many people of foreign ethnicities in Lidl?

I normally go to Dunnes, the level of foreign ethnicity in Lidl was really startling. I've noticed this before but this time it's as if I was in eastern europe. It seems weird if their brand loyalty or clubcard points from eastern europe are keeping them there.

Maybe they like saving money on food and other stuff like everyone else?

StewartGriffin

He's probably keeping the good 1% for himself and getting rid of the 99% sh1t ones.

Memnoch

Facebook paid 4,000 pounds corporation tax in the UK in 2014. How much did the average worker in the UK and Ireland pay, I wonder?

daRobot

Himself and his wife own the charity they're giving it away to, so it's not as straigtforward as it sounds.

paleoperson

Thargor wrote: »

Maybe they like saving money on food and other stuff like everyone else?

Alright smart guy, you know all.

Azrel

daRobot wrote: »

Himself and his wife own the charity they're giving it away to, so it's not as straigtforward as it sounds.

Same kinda setup as Bill Gates foundation then. What's ironic is, if society wasn't configured to allow people amass such vast wealth then the charity wouldn't be needed.

biko

The couple plans to funnel about $45 billion in Facebook stock into the Chan Zuckerberg Initiative over their lifetimes. The organization will initially focus on education and disease.

http://www.cnbc.com/2015/12/01/zuckerberg-daughter-max-born.html

[Deleted User]

Surely this is just until the site collapses and is worth nothing (which will definitely happen at some point in the next 5 years I'd say). The likes of Facebook and such being worth such silly money is a bubble in itself. If I were him I'd be flogging any shares i have that are worth anything. Keeping them is just being a zucker (see what I did there?! hardy har har).

Richard Hillman

An astonishing gesture.

It still leaves him with 450m in the bank. It truly is an amazing scale of money.

I would prefer the power of 45bn even though id never get near spending it

simdan

Zuckerberg is just a poster boy for the American government. 99% of $45b leaves them with $450 million plus additional earnings in the future from Facebook. I'd say this is the deal he cut years ago. Him and the site could never have taken over the world without backing.

Azrel

Yeah well I know something he can't buy...

A dinosaur.

0ph0rce0

daRobot wrote: »

Himself and his wife own the charity they're giving it away to, so it's not as straigtforward as it sounds.

Giving it to themselves :pac: i smell a tax scam here

Buona Fortuna

I think he should buy coke and hookers for everyone.

Arbiter of Good Taste

0ph0rce0 wrote: »

Giving it to themselves :pac: i smell a tax scam here

They're not giving to themselves. The charity is probably a trust, which means the trustees will distribute the proceeds to different causes as it sees fit. Absolutely nothing wrong with that.

He probably is getting a tax deduction. The man is giving away $45bn. Do you really begrudge him that?

The_Mac

Superhorse wrote: »

Face what?

Look everyone, a hipster pretending they don't know what one of the most popular site in the world is.