Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, have repeatedly displayed their commitment to charitable giving and education, and the power couple took another giant step Thursday with their announcement of a $120 million pledge to aid schools in low-income communities in the San Francisco Bay area.
A host of Facebook officers and directors submitted Form 4 filings to the Securities and Exchange Commission Monday detailing their exercising of restricted stock units and sales of class-A common shares in the company: Chief Operating Officer Sheryl Sandberg, Vice President of Business and Marketing Partnerships David Fischer, outgoing Chief Financial Officer David Ebersman, Chief Product Officer Chris Cox, Chief Technology Officer Mike Schroepfer, VP and General Counsel Colin Stretch, Director Susan Desmond-Hellmann, Chief Accounting Officer Jas Athwal, and Directors Donald Graham, Erskine Bowles, Marc Andreessen, and Peter Thiel.
Sheryl Sandberg, Husband Dave Goldberg Join The Giving Pledge, To Donate At Least One-Half Of Their Fortunes
Facebook Chief Operating Officer Sheryl Sandberg and her husband, SurveyMonkey CEO Dave Goldberg, were among the new pledge signatories to The Giving Pledge, a group of billionaires who pledge to donate at least one-half of their fortunes to charitable causes.
May 17 is FA Awareness Day, and the Friedreich’s Ataxia Research Alliance is marking the day with its “We Believe” initiative, in which Facebook users can post photos to its page of people holding signs stating what they believe in.
Vivek Wadhwa, a research professor at Stanford University, published a diatribe on LinkedIn a few months ago titled, “Facebook Is Doomed.” Contributing to the debate on the medium- and long-term sustainability of one of the biggest social networks is undoubtedly a healthy endeavor. However, this excessive public statement distinguishes itself with rather frivolous arguments on Wadhwa’s part.
Facebook and its Parse cloud-application platform are set to invade Austin, Texas, for South By Southwest, complete with the Parse + Facebook ice cream truck, and the social network published a schedule of Facebook and Parse SXSW events and talks in a post on its developer blog.
The Securities and Exchange Commission was on the receiving end of a flurry of Facebook filings Friday, as Chief Technology Officer Mike Schroepfer donated shares to a charitable entity; Vice President of Business and Marketing Partnerships David Fischer and Chief Financial Officer David Ebersman sold off more shares; and Chief Accounting Officer Jas Athwal amended an earlier Form 4 filing.
Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, were at the top of The Chronicle of Philanthropy’s list of the top 50 donors of 2013, with their gift to the Silicon Valley Community Foundation representing nearly $1 billion of the total of $7.7 billion contributed by the top 50.