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Zuckerberg to donate 99 percent of Facebook shares towards humanitarian causes

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source: thestar.com

San Francisco: Facebook CEO Mark Zuckerberg and his wife Priscilla Chan have pledged to donate 99 percent of their Facebook shares — about $45 billion — to advance human potential and promote equality for children.

Declaring the ‘Chan Zuckerberg Initiative’ as they welcomed their first girl child Maxima Chan Zuckerberg or “Max”, the couple on Tuesday said they have created a new foundation that would initially focus on “personalised learning, curing disease, connecting people and building strong communities.”

“As you begin the next generation of the Chan Zuckerberg family, we also begin the Chan Zuckerberg Initiative to join people across the world to advance human potential and promote equality for all children in the next generation,” they posted in a 2,200-word letter to their new-born daughter on Facebook.

“We will give 99 percent of our Facebook shares during our lives to advance this mission. We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others,” the couple wrote.

We will share more details in the coming months once we settle into our new family rhythm and return from our maternity and paternity leaves, Zuckerberg said.

In the letter to their new-born daughter, the new parents said: “Today your mother and I are committing to spend our lives doing our small part to help solve these challenges.”

Zuckerberg owns about four million of Class A shares in Facebook and approximately 419 million Class B shares.

Each Class B share is worth 10 votes apiece which gives Zuckerberg majority voting power and control over Facebook’s strategic direction.

“We can make progress towards these opportunities only by standing on the shoulders of experts — our mentors, partners and many incredible people whose contributions built these fields,” the letter read.

“Max, we love you and feel a great responsibility to leave the world a better place for you and all children. We wish you a life filled with the same love, hope and joy you give us. We cannot wait to see what you bring to this world,” said the proud parents.

“Many of the greatest opportunities for your generation will come from giving everyone access to the internet. The internet is so important that for every 10 people who gain internet access, about one person is lifted out of poverty and about one new job is created,” the letter further read.

Yet still more than half of the world’s population — over four billion people — do not have access to the internet.

“If our generation connects them, we can lift hundreds of millions of people out of poverty. We can also help hundreds of millions of children get an education and save millions of lives by helping people avoid disease,” the Facebook CEO pointed out.

Facebook currently has 1.44 billion monthly active users.

(IANS)

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WhatsApp Rolls Out Feature To Share Stories On Facebook

Facebook-owned instant messaging app WhatsApp has begun rolling out a feature for Android users to let them share their status stories directly on Facebook Story

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facebook, WhatsApp, stories, feature
Silhouettes of mobile users are seen next to logos of social media apps Signal, Whatsapp and Telegram projected on a screen in this picture illustration. VOA

Facebook-owned instant messaging app WhatsApp has begun rolling out a feature for Android users to let them share their status stories directly on Facebook Story and other apps.

Just like Instagram, WhatsApp’s status Stories let users post images, text and videos on your profile that disappear after 24 hours.

WhatsApp hasn’t made an official announcement yet but several users reported this on Twitter.

“So WhatsApp has a new feature, you can share your story on WhatsApp to Facebook. For me, this is quite interesting, a centralized mode of communicating to various platforms,” posted one user.

“The New #WhatsApp update allows you to share your statuses on to your #FacebookStory as well,” wrote another.

To use this feature, tap on share button which will show you the apps you can share your WhatsApp status with.

facebook, WhatsApp, stories, feature
An iPhone displays the app for Facebook in New Orleans, Aug. 11, 2019. VOA

Tapping on “Share to Facebook Story” will let you share WhatsApp Status to Facebook Story.

Currently, there was no option to have WhatsApp status automatically shared to another service and the instant messaging app intends that the feature should be an active decision on the part of the user.

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The roll out appears to be part of Facebook CEO Mark Zuckerberg’s plan to create a unified app combining WhatsApp, Facebook and Instagram to let over 2.6 billion users communicate with each other cross-apps by 2020.

The move could let the social networking giant tout higher user engagement to advertisers, thus, ramping up its advertising division at a time when growth has slowed down. (IANS)