Facebook CEO Mark Zuckerberg addresses the audience during his keynote address at Facebook's f8 developers conference in San Francisco, California April 30, 2014. REUTERS / Robert Galbraith (UNITED STATES - Tags: BUSINESS) - RTR3NAME

How philanthropist is Mark Zuckerberg?

Ο ιδρυτής του Facebook Mark Zuckerberg και η σύζυγός του, Priscilla Chan υποσχέθηκαν να δωρίσουν το 99% των μετοχών τους στο Facebook σε μια which will invest in socially oriented development and political initiatives.

Facebook CEO Mark Zuckerberg
REUTERS / Robert Galbraith (UNITED STATES)

Facebook founder Mark Zuckerberg announced that during his lifetime, he will distribute 99 percent of his shares on Facebook to fund social entrepreneurship efforts.

Unlike other billionaires who have promised to spend much of their wealth on charities, Zuckerberg's company is a limited liability company that will invest the sums reported by Zuckerberg.

The infamous letter from Zuckerberg and his wife, Priscilla Chan, makes no mention of grants, or the typical form of disbursements from charities such as those held by and his wife Melinda.

The letter clearly states that Zuckerberg and his wife, Priscilla Chan, will focus on political initiatives and investments rather than charitable subsidies.
These investments appear to be targeted at both technology and medical sectors.
The resulting gains will then be used to fund further initiatives and investments.

Here we have to mention that Zuckerberg has already been criticized for his charity efforts being more aimed at increasing Facebook users.


Charity Investments (off topic?)

"Charity Investments" or "social entrepreneurship" is a relatively new, and somewhat controversial form of charity.

Although social entrepreneurship companies present the projects as success stories, they actually lead to controversy . Ένα από αυτά τα projects (μικρής κλίμακας), επιτρέπει σε δωρητές από πλούσιες χώρες να δανείσουν χρήματα σε κατοίκους αναπτυσσόμενων χωρών. Η συγκεκριμένη “φιλανθρωπία” έχει συνδεθεί με εκατοντάδες αυτοκτονίες στην , According to a of 2012 by AP.

These loans are based on the idea that whole communities act as guarantors of the loan. So if a member of the community is not within the limits imposed, the whole community is cut off by further funding. As a result, we have representatives of companies with unlimited power, leading many to suicide.

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Written by giorgos

George still wonders what he's doing here ...

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