Firstly, the donation is stock not cash, so the value of this foundation will be directly linked to the value of Facebook shares.
Secondly, it has been stated that one of the things this foundation will do is "participate in policy debates". If the headline was "Mark Zuckerberg to put $45 billion is stock behind lobbying effort to establish Internet.org as a monopoly in developing countries", that wouldn't sound quite so positive, would it?
> Firstly, the donation is stock not cash, so the value of this foundation will be directly linked to the value of Facebook shares.
So? The vast majority of his wealth is in Facebook shares. That doesn't change the fact that he's giving away the vast majority of it. You think he should have sold it all now, destroyed its value, and donated a much smaller pot?
> it has been stated that one of the things this foundation will do is "participate in policy debates".
One of many things. Not to mention he has never attempted to make Internet.org anything close to a monopoly.
That your reaction to an incredibly charitable act is such pure cynicism is absolutely disgusting. There are plenty of billionaires who hoard their money or perpetuate hereditary fortunes, and those who don't should be commended.
Do you even know what Internet.org is? They're providing free access to a subset of the internet that Facebook controls, while forcing people to pay if they want to access the internet as a whole. The entire reason Internet.org exists is to create a Facebook monopoly on data access in developing countries.
Your entire comment is naive.
An initiative can be charitable while also benefiting the donor. The users of Internet.org get free access to Facebook as well as the other services being provided and that doesn't detract from the service or make the whole initiative evil.
I have yet to see research that providing a zero-rating service is harmful as you suggest.
"Internet.org provides access to a subset of the internet that Facebook chooses to pay for."
> Last time I glanced through the agreement, Facebook is just trying to avoid paying for HD photos and video downloads, which would increase the cost of Internet.org beyond feasibility.
This could be achieved by choking bandwidth, which would be easier to implement, simpler, and more transparent. Instead, you get stuff like:
Let's be absolutely clear here: Facebook wants to control what content gets into Free Basics and how it's presented, and is willing to make security impossible in order to do it. This enables both censorship and mass surveillance controlled by Facebook and whoever is willing to pay them.
> The users of Internet.org get free access to Facebook as well as the other services being provided and that doesn't detract from the service or make the whole initiative evil.
It's not the things users get access to that I'm worried about, it's the things they don't get access to, and who else gets access to those user's data.
In particular, regarding your statement "he has never attempted to make Internet.org anything close to a monopoly", it surely looks like that's the end game here - see https://www.techinasia.com/talk/facebooks-internetorg-evil/ (discussed on HN here: https://news.ycombinator.com/item?id=10568525)
Also the cause you listed is just one of many that he is gifting to so you're missing the forest for the trees. To help overcome this, list all of the good causes he mentioned (personalized learning, curing disease etc), then list the ones that you don't like. I bet the list of good causes will be far longer than the list of ones you don't like.
Mr. Zuckerberg and his wife, Dr. Priscilla Chan, said they were forming a new organization, the Chan Zuckerberg Initiative, to manage the money, through an unusual limited liability corporate structure. [...] By using a limited liability company instead of a nonprofit corporation or foundation, the Zuckerberg family will be able to go beyond making philanthropic grants. They will invest in companies, lobby for legislation and seek to influence public policy debates, which nonprofits are restricted from doing under tax laws. A spokeswoman for the family said that any profits from the investments would be plowed back into the Chan Zuckerberg Initiative for future projects.
So what if the donation is stock?
Since when does
> We must participate in policy and advocacy to shape debates. Many institutions are unwilling to do this, but progress must be supported by movements to be sustainable.
mean "lobbying effort to establish Internet.org as a monopoly in developing countries"?
If having a child has made him rethink his views (which would be normal) then that's great. Too bad he didn't have a child before and started this initiative few years ago!
What part of "curing diseases" sounds greedy, egomaniac, or bad in any sense? I hope he joins Gates, Thiel, Parker, Diamandis, Page, Kurzweil, and many others on their quest to eradicate diseases from the face of earth. And I hope he funds Aubrey De Grey like Thiel is doing...
It's a hugely net positive thing he is doing no question.
People just don't talk about it anymore, so he's all good now.
But there's obviously something shady about his dealings: http://newsjunkiepost.com/2013/06/07/bill-gates-big-pharma-b...