Did Facebook Founder Donate $100 Million to Counteract Bad Movie Buzz?
The big donation splash occurred one week before the release of a movie about the early years of Facebook, called "The Social Network." The movie is based on the book "The Accidental Billionaires" by Ben Mezrich. Some eyebrows are raised about the timing of the good buzz emanating from his mega donation, so close to the bad buzz about Zuckerberg purportedly emanating from the movie about Facebook.
Other eyebrows are in place, commending Zuckerberg no matter what his motivation. Newark Mayor Cory Booker reports that "50 percent of high school students in Newark do not graduate." The donation from Startup makes a new education plan possible in Newark and New Jersey, one that will hopefully inspire education reform nationwide.
Zuckerberg is 35th on Forbes 400 list of richest Americans this year. (Last year he was only 158th.) His net worth is estimated at $6.9 billion. He and Facebook co-founder Dustin Moskovitz are Forbes youngest billionaires. Facebook was founded in 2004 when Zuckerberg was 20 years old studying computer science at Harvard.
Source: CNN
http://www.cnn.com/2010/TECH/social.media/09/24/facebook.donation/index.html?section=cnn_latest
Published by Linda Louise Johnson
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43 Comments
Post a Commentgreat article; thanks for sharing - always good to know someone is helping; doubt he did it to flaunt; everyone already knows he is rich
I guess the bottom line is that it will help so many children.
I hope it will indeed be used for its stated purpose. Our children need every advantage they can get.
Good reporting.
Money's money, no matter the motive.
I have to question the motive behind the movie, too. Whatever Z's motivation for giving, it's a good thing to do. Obviously he put some thought into the potential good his money gift could do...very blatantly "teach a kid to fish" kind of thinking.
God, I cannot imagine that kind of money. Life's not fair!
A hundred million. It must be nice to be able to throw that kind of cash around.
Nancy, I'm sorry -- I thought the article explains the movie made him look bad. It's not out yet so I don't know why. Anyway, I intend to see it too!!! I think the FB story is fascinating. Yay to him for giving!
Good for him, I say. I really want to see this new movie, by the way.