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> Mark Zuckerberg spent 20bn on Whatsapp. At his 28% shareholding in facebook that's a 5.6bn USD personal commitment. That's not how it works. Whatsapp was an
by jonknee 10y ago
> Mark Zuckerberg spent 20bn on Whatsapp. At his 28% shareholding in facebook that's a 5.6bn USD personal commitment.
That's not how it works. Whatsapp was an investment, Chan Zuckerberg Science is not an investment. If he had announced a new for-profit drug company with $20bn of Facebook's money you would have a point. It still doesn't work out as a personal commitment though, Mark's shares of FB weren't suddenly worth $5.6b less (in fact shares have surged since!).
- vegabook 10y ago100% agreed. Investment vs consumption. Though maybe, just maybe, this thing has an "investment in reputation" angle to it too? More generally I wanted to contextualize the amounts.