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Who pays them, directly and indirectly?
by eplanit 5y ago
Who pays them, directly and indirectly?
- ZeroCool2u 5y agoFrom what I understand, the foundation is funded by Facebook directly, but it's unclear what kind of obligations are legally/contractually required by that funding. Of course FB can always pull funding completely, but that would be a bit blatant.
- ceejayoz 5y ago> Of course FB can always pull funding completely... They can't, though. It's an irrevocable trust; the Oversight Board would have to agree to terminate it.
- threatofrain 5y agoWhat sources did you use to inform this view?
- mtmail 5y agohttps://en.wikipedia.org/wiki/Oversight_Board_(Facebook)#Governance https://en.wikipedia.org/wiki/Oversight_Board_(Facebook)#Gov... has details on the funding. $130m, expected to last 50 years.
- username90 5y ago> $130m, expected to last 50 years. I read: > Facebook established an irrevocable trust with $130 million in initial funding, expected to cover operational costs for over half a decade Half a decade is 5 years, not 50.
- ZeroCool2u 5y agoA WSJ article I read, but the wiki page is almost certainly a better source.