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.
One of Facebook’s Ten Stories that it shared Tuesday to mark its 10th anniversary focused on Sevenly, a lifestyle apparel brand that relies heavily on Facebook for marketing and donates $7 from every sale to one of the charities it supports.
The charitable donations keep coming from Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, as AP reported that the couple will donate $5 million toward the $29 million cost of expanding a Silicon Valley community health center.
Facebook Chief Technology Officer Mike Schroepfer sold 25,000 shares of class-A common stock in the company and donated another 200,000 to an unspecified charitable entity, according to a Form 4 filing with the Securities and Exchange Commission Thursday.
Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, were responsible for the largest individual philanthropic donation in the U.S. in 2013 with their gift of 18 million class-A shares of Facebook stock to the Silicon Valley Community Foundation, which was valued at more than $992.2 million, according to The Chronicle of Philanthropy, as reported by The Tech Chronicles.
Facebook Co-Founder and CEO Mark Zuckerberg detailed his conversion of 60 million shares of class-B common stock to class-A in a Form 4 filing with the Securities and Exchange Commission, as well as a donation of 18 million class-A shares, while Chief Operating Officer Sheryl Sandberg sold more than 280,000 shares in two transactions.
Facebook began rolling out a feature Monday allowing nonprofits to include “Donate Now” buttons on their pages, which permits users of the social network to contribute directly to those groups.