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Mark Zuckerberg On $100 Million Education Donation
- chopsueyar 16y agoPR move to hedge againt the negative publicity of "The Social Network"?
- metra 16y agoWhatever the motivation, this is a good thing and I think we should isolate this action of charity from a movie.
- spyne-02139 16y agoWho is we? :)
- vaksel 16y agoi had to laugh when he mentioned Christie as his inspiration, since he was the one who took a huge chunk out of the education budget. Frankly, that money(well it's $100mm in facebook stock) would have been better spent on Donors Choose. At least, then you'd know the money was going directly to the teachers.
- borism 16y agoso how exactly will the schools be able to sell the stock? trough SecondMarket like FB employees?
- chollida1 16y agoI'd imagine that they can get loan's against it. Many high level employee's do this when they can't sell their stock.
- borism 16y agoOMG
- deleted 16y ago[deleted]
- jonknee 16y agoThat's really risky. What happens when everyone realizes the valuation is sky high and the $100m in paper turns into $20m liquid?
- chollida1 16y agoWell why would a bank lend you money to buy a house. What happens when everyone realizes the valuation is sky high and the $500,000 house turns into a $100,000 house. On a serious note, most often executives can't get 100% of the value of their stock back in line of credit format. 60% to 75% is common.
- bigmac 16y ago[DELETE: So we should close down schools that are failing, get a lot of good charter schools and figure out new contracts for teachers so that better teachers can get paid more money, that more for performance as opposed to just based on how long you've been there. Have a lot of programs that are after schools that to keep kids healthy and safe and I mean, Newark, isn't the safest city. So that's the basic thing. And I mean for...] I wonder if that was supposed to be deleted?
- hugh3 16y agoI was wondering where Zuckerberg got $100 million in cash. Now I find out it's "$100 million" in facebook stock? Based on a valuation of... what exactly? And sellable to whom? edit: I think I've answered my own question and it's based on a valuation of $23 billion. Really? Who here would be willing to buy facebook at a valuation of $23 billion? Even if you think it could be worth that much, I see a lot more scenarios where it's worth less than scenarios where it's worth more.