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View Diary: [UPDATE: Rhee to Newark?] Why, I didn't know Facebook's Mark Zuckerberg was an education expert! (63 comments)

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  •  NYTimes refutes all your claims here (0+ / 0-)

    It is a donation, not a challenge grant. It comes with no strings attached.

    Here is what the New York Times says:

    Mr. Zuckerberg said that the $100 million would be used to start a new foundation called Startup: Education. The entire gift is earmarked for Newark and comes with no strings attached, giving "flexibility to try out new things," he said.

    The article also notes that:

    Mark Zuckerberg, America’s youngest billionaire at 26, has not spent much money on himself. Forbes estimates his fortune at $6.9 billion, but Mr. Zuckerberg, chief executive of Facebook, has yet to sell any sizable portion of his holdings in the company.

    He rents an unremarkable house within walking distance of Facebook’s headquarters here. He favors jeans and T-shirts, drives an Acura and, unlike many other technology moguls, does not own a private plane.

    The article goes on to discuss the timing, which is not necessarily as you suggest (or as I thought at first). It takes a lot of advance planning and forethought to put together a $100 million grant to a new foundation like this. It's not something he cooked up this week to counter the film coming out.

    It is interesting that you chose to quote and link to an excerpt from a TechCrunch interview that was cited in an article that was quoting a second article about the TechCrunch interview - making your diary 4th hand news.

    You could, of course, have chosen to link directly to the TechCrunch interview, so readers could make up their own mind. That wouldn't necessary serve your agenda, however.

    Here is a direct link to TechCrunch's interview with Mark Zuckerberg, where he talks about the donation and why he is giving it:

    Bill Gates was one of the most heartless, vicious capitalist pigs around when he was younger. Today, he is one of the most important philanthropists on the planet, making more of a difference with his dollars than most of the world's nation's foreign aid programs combined.

    Zuckerberg seems to have been an utter asshole too. He became a fucking billionaire when he was barely out of diapers. Now he is a little bit older, and, while he still does stupid things (like Facebook's privacy abortion), rather than swim in champagne and hire hookers to carry him on a palanquin to his golden palace, he still wears T-shirts to work, drives a Prius, flies on commercial airlines and - oh, he just gave $100 million no strings attached to help children in one of the worst school systems in the country get a little help.

    Yes, indeed - he is Satan incarnate, and a symbol of everything that is wrong with the world.

    Always make new mistakes - Esther Dyson

    by RandomActsOfReason on Fri Sep 24, 2010 at 11:48:27 PM PDT

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