+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Mark Zuckerberg Just Gave $990 Million To Charity

Dec 19, 2013, 18:27 IST

Reuters/Robert Galbraith

This morning, Mark Zuckerberg announced plans to give 18 million Facebook shares to charity by the end of the month.

Advertisement

Facebook is currently trading at $55 per share, so Zuckerberg's gift is worth just under $1 billion.

The money will go toward Zuckerberg's foundation, the Silicon Valley Community Foundation and The Breakthrough Prize In Life Science, a Noble Prize-like award.

2013 was a year in which there was a serious backlash against the idealism of Silicon Valley.

And yesh, the industry does deserve some flack for talking about changing the world with iPhone games and photo-sharing apps. And sure, you can see why people in San Francisco might protest over Google buses using public bus stops. And sure, sometimes tech industry people say dumb, mean things about the homeless.

Advertisement

But when Mark Zuckerberg follows the lead of other tech giants, like Bill Gates, and makes massive charitable donations, it restores your faith in the industry's humans.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article