TRENDING ON ONEINDIA
- EC Bars Eros Now From Streaming PM Modi Web Series
- IPL: RR Vs MI — Live Updates
- Renault HBC Compact SUV To Be Launched In 2020
- Abhishek-Aishwarya Get Romantic In Maldives!
- How To Download Assassin's Creed Unity Game For Free On Your PC
- Business Sentiment Continue To Decline For Q2 2019: D&B Report
- Natural Remedies to Improve Memory
- Rourkela: A Weekend Getaway
Zuckerberg wants to sell 35-75 million Facebook shares; here's why
"I anticipate selling 35-75 million Facebook shares in the next 18 months to fund our work," said Facebook CEO.
Facebook CEO Mark Zuckerberg wants to sell 35-75 million Facebook shares in the next 18 months. Well, the social network giant is not in any trouble, Zuckerberg just wants to fund the company's work in education, science, and advocacy.
"Over the past year and a half, Facebook's business has performed well and the value of our stock has grown to the point that I can fully fund our philanthropy and retain voting control of Facebook for 20 years or more," said Zuckerberg wrote in a post. He said both he and his wife feel a sense of responsibility to contribute something to the society.
"I want to be clear: this doesn't change Priscilla and my plans to give away 99 percent of our Facebook shares during our lives. I anticipate selling 35-75 million Facebook shares in the next 18 months to fund our work," he added further.
Zuckerberg's main focus is to cure all diseases in their children's lifetime and personalizing education for every student. Furthermore, he asked the company's board to withdraw the proposal to reclassify the stock that he proposed to create in the previous year.
This is not the first time the Facebook CEO is doing something like this. Back in 2016, after becoming parents for the first time, both Zuckerberg and his wife pledged to donate $3 billion dollars to help the world get rid of diseases.
The year before that, in 2015, they pledged to give away 99 percent of the profit made by Facebook for charitable causes. Well, we want their good streak to continue in future as well.