9 ms·

Reading Facebook's PR as they try to fix "problems" that they previously leveraged to profit massively is like someone purposely tripping you and as you stand b

Reading Facebook's PR as they try to fix "problems" that they previously leveraged to profit massively is like someone purposely tripping you and as you stand back up they spit in your face and say "Oh, sorry. I'll try not to do it again" in a condescending tone. [edited to remove things HN can't handle]

jazoom 9y ago
Didn't he plan to give away almost all his money over time?
- fishtank 9y ago
  He plans to "give away" money to an LLC he controls, which makes donations and invests in companies with some kind of social mission. Not saying an LLC that makes investments in for-profit tutoring companies is bad, really, just not a charity in the usual sense, and not a gift to the public good.
negamax 9y ago
Wow man that's some top level hate. You do realize that Zuck has pledged away 99% of his wealth? Providing third party apps access to friends list was a strange permission. I have never used an app that asked for it. But there are plenty of dating, games and social apps that could only work with a permission like that. I think people are reading too much into this fiasco. We are better off fixing Facebook. It serves its purpose well.
- DeusExMachina 9y ago
  > It serves its purpose well. It’s purpose being? Maybe it’s the use I make of it, but it doesn’t add much to my life. It could go away and I could replace any of its function with something else, or not miss the function at all. Cambridge Analytica/Obama campaign data fiascos aside, many are arguing more and more that Facebook is doing more damage than good to society. Granted, this is hard to measure, but it’s a valid concern.
  - _Tev 9y ago
    > It’s purpose being? Connecting people. Communication between friends. Social events. > Maybe it’s the use I make of it, but it doesn’t add much to my life. It could go away and I could replace any of its function with something else, or not miss the function at all. So, maybe learn to use it better? Less? Not at all? > many are arguing more and more that Facebook is doing more damage than good to society. I wish people who actually use it and benefit from it would be taken more seriously on HN. This is pretty stark "silent majority" scenario.
- ishanr 9y ago
  People tend to forget that pledging away 99% of your wealth makes you much more attractive to getting investments now. It is all a marketing gimmick.
- thomble 9y ago
  > Zuck has pledged away 99% of his wealth? They will actively ignore problems that deal with public health and security, but promise to "cure all disease" through philanthropy. Please.
- chupakabra1 9y ago
  yeah yeah anyone can pledge ... like elon musk pledged a billion for openai and tesla has money issues ... it has been a fashion to pledge these days.
  - komali2 9y ago
    Why the cynicism? Should giving money away be unfashionable?
    - Domenic_S 9y ago
      Flashily promising to give money away should not be treated the same as _actually_ giving money away.
- ucaetano 9y ago
  > You do realize that Zuck has pledged away 99% of his wealth? He hasn't. He has pledged to donate 99% of his wealth to a private, for-profit organization that he owns. I also pledge to donate 99% of my wealth to my bank account.
  - niij 9y ago
    >He hasn't. He has pledged to donate 99% of his wealth to a private, for-profit organization that he owns. I initially thought you were being overly critical here. It looks like you're right, the "Initiative" he created is an LLC and not a non-profit. https://en.wikipedia.org/wiki/Chan_Zuckerberg_Initiative#Company_form_and_taxation https://en.wikipedia.org/wiki/Chan_Zuckerberg_Initiative#Com...
    - ucaetano 9y ago
      Yep, and not his first rodeo either. Remember the "Internet.org", a for-profit initiative that is part of Facebook? Putting ".org" in something for-profit that tries to achieve monopoly is as dishonest as it gets...
    - 734786710934 9y ago
      If you read higher up in that wiki it lists all of the money the initiative has given away so far. I'm not sure why people think that the LLC doesn't give away money.
      - ucaetano 9y ago
        The issue isn't that the LLC doesn't give away money. The issue is that it is a LLC.
      - mistermann 9y ago
        That's called influence, changing people's minds with relatively small amounts of money. And it works.
        9y ago
- pinewurst 9y ago
  There's an enormous difference between Zuck's "charitable" corporation (not a foundation) and the Bill & Melinda Gates Foundation. There's no visible effort at giving beyond the US Zuck Feelings Tour and hiring professional political hacks as his CZI staff.
- omegaworks 9y ago
  >You do realize that Zuck has pledged away 99% of his wealth? Please stop spreading PR. He put the money into a limited-liability corporation, and spread a bunch of articles about a "pledge." It's nothing more then a tax-sheltered investment vehicle.[1] This is not the same as putting it into a charitable trust. He can use the money to influence whoever he decides to give it to. 1. http://fortune.com/2015/12/02/zuckerberg-charity/ http://fortune.com/2015/12/02/zuckerberg-charity/ "Corporations can make for-profit investments and political donations—and unlike charitable trusts, they don’t have to report their political donations."
- tzahola 9y ago
  “pledged” Actually, he put his wealth in a tax-exempt “””charity”””.
deleted 9y ago
[deleted]
czardoz 9y ago
HN has no obligation to "handle" your vitriol.

jazoom 9y ago

Didn't he plan to give away almost all his money over time?

fishtank 9y ago
He plans to "give away" money to an LLC he controls, which makes donations and invests in companies with some kind of social mission. Not saying an LLC that makes investments in for-profit tutoring companies is bad, really, just not a charity in the usual sense, and not a gift to the public good.

negamax 9y ago

Wow man that's some top level hate. You do realize that Zuck has pledged away 99% of his wealth? Providing third party apps access to friends list was a strange permission. I have never used an app that asked for it. But there are plenty of dating, games and social apps that could only work with a permission like that. I think people are reading too much into this fiasco. We are better off fixing Facebook. It serves its purpose well.

DeusExMachina 9y ago
> It serves its purpose well. It’s purpose being? Maybe it’s the use I make of it, but it doesn’t add much to my life. It could go away and I could replace any of its function with something else, or not miss the function at all. Cambridge Analytica/Obama campaign data fiascos aside, many are arguing more and more that Facebook is doing more damage than good to society. Granted, this is hard to measure, but it’s a valid concern.
- _Tev 9y ago
  > It’s purpose being? Connecting people. Communication between friends. Social events. > Maybe it’s the use I make of it, but it doesn’t add much to my life. It could go away and I could replace any of its function with something else, or not miss the function at all. So, maybe learn to use it better? Less? Not at all? > many are arguing more and more that Facebook is doing more damage than good to society. I wish people who actually use it and benefit from it would be taken more seriously on HN. This is pretty stark "silent majority" scenario.
ishanr 9y ago
People tend to forget that pledging away 99% of your wealth makes you much more attractive to getting investments now. It is all a marketing gimmick.
thomble 9y ago
> Zuck has pledged away 99% of his wealth? They will actively ignore problems that deal with public health and security, but promise to "cure all disease" through philanthropy. Please.
chupakabra1 9y ago
yeah yeah anyone can pledge ... like elon musk pledged a billion for openai and tesla has money issues ... it has been a fashion to pledge these days.
- komali2 9y ago
  Why the cynicism? Should giving money away be unfashionable?
  - Domenic_S 9y ago
    Flashily promising to give money away should not be treated the same as _actually_ giving money away.
ucaetano 9y ago
> You do realize that Zuck has pledged away 99% of his wealth? He hasn't. He has pledged to donate 99% of his wealth to a private, for-profit organization that he owns. I also pledge to donate 99% of my wealth to my bank account.
- niij 9y ago
  >He hasn't. He has pledged to donate 99% of his wealth to a private, for-profit organization that he owns. I initially thought you were being overly critical here. It looks like you're right, the "Initiative" he created is an LLC and not a non-profit. https://en.wikipedia.org/wiki/Chan_Zuckerberg_Initiative#Company_form_and_taxation https://en.wikipedia.org/wiki/Chan_Zuckerberg_Initiative#Com...
  - ucaetano 9y ago
    Yep, and not his first rodeo either. Remember the "Internet.org", a for-profit initiative that is part of Facebook? Putting ".org" in something for-profit that tries to achieve monopoly is as dishonest as it gets...
  - 734786710934 9y ago
    If you read higher up in that wiki it lists all of the money the initiative has given away so far. I'm not sure why people think that the LLC doesn't give away money.
    - ucaetano 9y ago
      The issue isn't that the LLC doesn't give away money. The issue is that it is a LLC.
    - mistermann 9y ago
      That's called influence, changing people's minds with relatively small amounts of money. And it works.
      - 9y ago
pinewurst 9y ago
There's an enormous difference between Zuck's "charitable" corporation (not a foundation) and the Bill & Melinda Gates Foundation. There's no visible effort at giving beyond the US Zuck Feelings Tour and hiring professional political hacks as his CZI staff.
omegaworks 9y ago
>You do realize that Zuck has pledged away 99% of his wealth? Please stop spreading PR. He put the money into a limited-liability corporation, and spread a bunch of articles about a "pledge." It's nothing more then a tax-sheltered investment vehicle.[1] This is not the same as putting it into a charitable trust. He can use the money to influence whoever he decides to give it to. 1. http://fortune.com/2015/12/02/zuckerberg-charity/ http://fortune.com/2015/12/02/zuckerberg-charity/ "Corporations can make for-profit investments and political donations—and unlike charitable trusts, they don’t have to report their political donations."
tzahola 9y ago
“pledged” Actually, he put his wealth in a tax-exempt “””charity”””.

deleted 9y ago

[deleted]

czardoz 9y ago

HN has no obligation to "handle" your vitriol.