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> Koum’s decision may be made easier thanks to the $10.4 billion fortune he’s already accrued, according to the Bloomberg Billionaires Index. He’s already sold
by everdev 8y ago
> Koum’s decision may be made easier thanks to the $10.4 billion fortune he’s already accrued, according to the Bloomberg Billionaires Index. He’s already sold $8 billion worth of Facebook stock since 2015, according to data compiled by Bloomberg.
What's the point of FU money if you never say FU? Good for him.
- 1024core 8y agoOn the other hand: if he could hold his nose and hang on for another 7 months, he'd make $1B, which, if he donated to a cause, could really change things.
- throwawaysecops 8y agoBy that fucked up logic, everything anyone might ever want for themselves is rationalized away by a bunch of selfish dicks posting on the Internet telling people what they should do instead of a self actually doing anything for themselves. Facebook themselves could also "donate" this money, but they aren't because it's some made up bullshit you are seeing in your head, not reality.
- crunchlibrarian 8y agoLots of successful exits recently, many new millionaires and billionaires. Not a lot of causes changing things, at least not that I've been seeing. I did see a homeless encampment get bulldozed the other day. The day before that I watched a Vietnam Vet take a dump on the sidewalk, we made awkward eye contact. Not sure where all those billions are going but the "cause" does not seem to be moving forward.
- deepsun 8y agoI'm just curious, how exactly you'd propose to change it?
- deelowe 8y agoWith money, of course.
- Egidius 8y agoIndeed. I'm inspired by Rutger Bregman who famously states in his book Utopia For Realists: > "It's more expensive to sustain poverty than it is to eradicate it" When is enough, enough? Do you really need that other billion when you already have a few? Giving money to the poor works: https://www.theguardian.com/commentisfree/2017/mar/06/utopian-thinking-poverty-universal-basic-income https://www.theguardian.com/commentisfree/2017/mar/06/utopia...
- mac01021 8y ago> I did see a homeless encampment get bulldozed the other day. The day before that I watched a Vietnam Vet take a dump on the sidewalk, we made awkward eye contact. Dude what state do you live in? I must live in a bubble over here...
- drawnwren 8y agoGiven that we're on HN and SF has notorious homeless problems, I'd say odds are high that it's somewhere in the Bay Area.
- crunchlibrarian 8y agoColorado
- Smoofer 8y agoTwo of your anecdotal experiences don't speak for the overall effectiveness of charity organizations.
- crunchlibrarian 8y agoI'm not criticizing charity I'm criticizing tech millionaires. The world is coming unglued and they seem to care very little about the "scum" around them who make less than six figures.
- toomuchtodo 8y ago7 months could be an eternal hell in his role.
- Drakim 8y agoHe could also quit today and Facebook could donate the $1B and you'd end up exactly the same.
- deleted 8y ago[deleted]
- this_user 8y agoIt might be question of opportunity costs for him. Maybe he has some project or idea that he wants to realise. Seven months can be a long time in the tech industry.
- kaolti 8y agoJoe Rogan fan right there.