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(LA Times)   Mark Zuckerberg donates $1 billion to Silicon Valley charity, hopes to provide financial assistance to needy local families making less than $250,000 a year   (latimes.com) divider line 6
    More: Spiffy, Mark Zuckerberg, Silicon Valley, Silicon Valley charity, Facebook  
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696 clicks; posted to Business » on 21 Dec 2013 at 11:33 AM (39 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-12-21 11:43:22 AM
Only a quarter million!? What ever shall they do!?
 
2013-12-21 11:46:47 AM

ajgeek: Only a quarter million!? What ever shall they do!?



In Silicon Valley, the general rule:

Prices are x2.
Houses are x4-x10
Wages are x3-x4 because of the extra taxes you pay on the money you have to make to pay the x2.
 
2013-12-21 12:10:33 PM
Oh, it wasn't from his personal bank account? I guess he's not that rich
 
2013-12-21 01:08:10 PM
They were bitcoins.
 
2013-12-22 12:25:39 AM
Did anyone catch that bit at the end of the article?  Where it mentions Facebook is issuing another round of stock to raise capitol.  It begs the question, how diluted do the shares have to become before this tech bubble pops?

I also wonder if the charity is required to hold on to the stock for a certain length of time or if there are stipulations on how much stock they are allowed to sell at a time?  It certainly would be nice to donate a "value" to a charity, get the tax rebate, and then not have to worry about your value (stocks) taking a hit right away.

I do agree with Subby about spiffy tag, Zuckerberg's  accountant certainly earned it.
 
2013-12-22 07:50:44 AM

Zombie Butler: Did anyone catch that bit at the end of the article?  Where it mentions Facebook is issuing another round of stock to raise capitol.  It begs the question, how diluted do the shares have to become before this tech bubble pops?


Or just maybe they can support it, just like all the other companies that do the same thing.

I also wonder if the charity is required to hold on to the stock for a certain length of time or if there are stipulations on how much stock they are allowed to sell at a time?  It certainly would be nice to donate a "value" to a charity, get the tax rebate, and then not have to worry about your value (stocks) taking a hit right away.

Zuckerberg sold 2 billion this week, so it's fair to assume that the charity billion is coming from that.
 
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