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Zuckerberg Answers Critics of His Move To Give Away His Facebook Stock (facebook.com)

Posted by samzenpus on from the some-of-the-people-some-of-the-time dept.

An anonymous reader writes: Mark Zuckerberg's announcement that he and his wife are giving away $45 billion worth of Facebook stock garnered a lot of praise and a fair bit of criticism. The Facebook CEO answered some of the apprehension in a post that reads in part: "By using an LLC instead of a traditional foundation, we receive no tax benefit from transferring our shares to the Chan Zuckerberg Initiative, but we gain flexibility to execute our mission more effectively. Just like everyone else, we will pay capital gains taxes when our shares are sold by the LLC."

2 of 174 comments (clear)

  1. Re: who cares? by exomondo · · Score: -1, Offtopic

    And, judging by your response, he at least in part succeeded.

    How so exactly? You're saying I have to care and I have to be upset about this? I'm not sure you have a very good grasp on this.

  2. Re: who cares? by exomondo · · Score: -1, Offtopic

    Care about what? I asked Why are you so upset about that? I thought it was pretty clear so what part of that confused you?

    No claims of "just making an observation" or the sort is sufficient clarification because it's an excuse and not a reason.

    I didn't make any 'observation'. You seem to be very very confused, looks like you're replying to the wrong post.