Tuesday November 19, 2019
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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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Facebook, Instagram Down Again, Users Clueless: Report

The biggest outage Facebook, WhatsApp and Instagram faced was in March that lasted for more than 14 hours. Facebook blamed a 'database' overload for the problem

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Facebook, Messenger and Instagram apps are displayed on an iPhone, March 13, 2019, in New York. VOA

Users from different parts of the world took to Twitter on Tuesday to report problems using Facebook, Instagram and Messenger, including several parts in the US and the UK.

According to Downdetector website which monitors online outages, the outages did not appear to hit the entire Facebook network but several areas reported disruption in services.

While 63 per cent reported a total blackout, 19 per cent had problems in logging in while 16 per cent faced problems with their News Feed.

“Facebook always getting hacked and now disabled… Why can’t Facebook work right. I can’t get on my new account because it was disabled,” posted an user.

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

“Okay, is Facebook Messenger down?” posted another. Users said the Facebook app failed to send or load messages.

The social networking platform was yet to identify or comment on the latest outage.

Also Read: Tech Giant Google Acquires Enterprise Software Firm ‘CloudSimple’

Facebook and Instagram suffered a total outage in the UK and in some parts of Europe in September as thousands of users went on to Twitter to complain about not being able to use the social media platforms.

The biggest outage Facebook, WhatsApp and Instagram faced was in March that lasted for more than 14 hours. Facebook blamed a ‘database’ overload for the problem. (IANS)