Mark Zuckerberg and Priscilla Chan’s 99% pledge is born with strings attached

The couple’s initiative is a huge gesture – but even by extreme giving, they can never buy their way out of the inequality their wealth and power creates

It’s refreshing to see two prominent billionaires even paying lip service to upending plutocracy. And of course, considering the dire state of the global wealth gap, it would be counterproductive to do anything that could discourage future extreme giving from the wealthy.

Mark Zuckerberg and Priscilla Chan welcomed their newborn daughter Max into the world on 1 December with a joint open letter on Facebook promising her all sorts of things and announcing a philanthropic initiative involving 99% of their shares going to worthy causes.

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Mark Zuckerberg and his wife pledge 99% of their fortune to charity – video

In a promotional video filmed shortly before the birth of their first daughter, Max, the Facebook chief and his wife, Priscilla Chan, discuss their decision to donate 99% of their Facebook shares to charity over the course of their lifetimes. The couple will invest the worth of their shares – valued at about $45bn – into their joint charitable venture, the Chan Zuckerberg Initiative. Speaking about the project, Zuckerberg says they feel they have a “basic moral responsibility” to “tilt their investments” towards making the world better for their daughter

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Internet mocks Mark Zuckerberg’s philanthropy in letter to daughter

Twitter dug into the Facebook founder’s 2,000 word letter his newborn, which also announced his new charity initiative to combat general global problems

Billionaire, social network founder and, once upon a time, everyone’s unsolicited friend on Facebook, Mark Zuckerberg added two more titles to his name on Tuesday. A newborn daughter made him a father and an open letter announcing he would give away 99% of his Facebook stock made him a man destined for several awkward years after his daughter learns to read.

In the open letter to his daughter Max, Zuckerberg describes how he and his wife, Priscilla Chan, plan to found the Chan Zuckerberg Initiative, a foundation that will center around “personalized learning, curing disease, connecting people and building strong communities”.

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Mark Zuckerberg and Priscilla Chan announce baby girl – and massive charity initiative

In a Facebook post to newborn child Max, the Facebook CEO says he will administer the initiative himself using all of his shares of his company’s stock

The Zuckerbergs gave birth on Tuesday: to a baby girl, and to one of the world’s biggest charities.

That sterling spoon you might have been considering for Mark Zuckerberg’s new baby may no longer be the most exciting gift to the Facebook billionaire’s daughter: after revealing his wife, Priscilla Chan, had given birth to their first child, Zuckerberg announced the creation of a charity organization called the Chan Zuckerberg Initiative. The charity, which has “the mission of advancing human potential and promoting equality”, will be administered by the CEO himself and is already on track to be worth a potential $3bn by 2018.

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Video game loading screens will get a lot more interesting following this patent’s expiration

A long-held patent giving Namco the exclusive rights to feature loading screen minigames in its software has expired, giving developers the freedom to spice up in-game loading screens with interactive elements.

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