Tuesday August 20, 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)

Next Story

Twitter, Facebook Shut Down China-backed Fake Accounts

The recent wave of anti-government protests has prompted widespread criticism of the police for their alleged brutality against protesters

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Twitter, tweets, India
The Twitter logo appears on a phone post on the floor of the New York Stock Exchange.. VOA

As pro-democracy protests gain momentum in Hong Kong, Twitter and Facebook have suspended several accounts that were part of the Chinese government’s influence campaign and targeted protest movement and the call for political change in Hong Kong.

Twitter said it has suspended more than 200,000 accounts involved in coordinated inauthentic behaviour — including 936 accounts originating from within the People’s Republic of China (PRC).

“Overall, these accounts were deliberately and specifically attempting to sow political discord in Hong Kong, including undermining the legitimacy and political positions of the protest movement on the ground,” Twitter said in a blog post late Monday.

The company identified large clusters of accounts behaving in a coordinated manner to amplify messages related to the Hong Kong protests.

“As Twitter is blocked in China, many of these accounts accessed Twitter using VPNs. However, some accounts accessed Twitter from specific unblocked IP addresses originating in mainland China,” the micro-blogging platform added.

The accounts were suspended for a range of violations of Twitter’s platform manipulation policies like spam, coordinated activity, fake accounts, attributed activity and violative content.

The micro-blogging platform said it will also ban ads from China-backed media companies, for which it has already faced the flak from users.

Facebook said it has also removed seven Pages, three Groups and five accounts originated in China and involved in posting fake news pertaining to the ongoing protests in Hong Kong.

Corporate, America, Climate Change
FILE – In this April 30, 2019, file photo, Facebook stickers are laid out on a table at F8, Facebook’s developer conference in San Jose, Calif. The Boston-based renewable energy developer Longroad Energy announced in May that Facebook is building a… VOA

The individuals behind this campaign engaged in a number of deceptive tactics, including the use of fake accounts, “some of which had been already disabled” to manage Pages posing as news organisations, post in Groups, disseminate their content, and also drive people to off-platform news sites.

“About 15,500 accounts followed one or more of these Pages and about 2,200 accounts joined at least one of these Groups,a Nathaniel Gleicher, Head of Cybersecurity Policy at Facebook, said in a blog post.

“Although the people behind this activity attempted to conceal their identities, our investigation found links to individuals associated with the Chinese government,” he added.

Based on a tip shared by Twitter about activity they found on their platform, Facebook conducted an internal investigation into suspected coordinated inauthentic behaviour in the region and identified the malicious accounts.

Also Read: Apple ‘Bug’ Puts iPhones with Latest iOS to Hacking Risk

Since June, Hong Kong has been rocked by a wave of protests because of the extradition bill, which would have enabled fugitives to be extradited from Hong Kong to mainland China.

A mass rally in Hong Kong on Sunday, widely deemed the most important so far this month, attracted tens of thousands of people as the crisis entered the 11th consecutive weekend of anti-government protests.

The recent wave of anti-government protests has prompted widespread criticism of the police for their alleged brutality against protesters. (IANS)