Zuckerberg Faces Backlash Over Multi-Billion Dollar Charity Initiative

Zuckerberg Faces Backlash Over Multi-Billion Dollar Charity Initiative

Mark Zuckerberg, the CEO of Facebook, has been in the spotlight recently because he decided to donate a large part of his fortune to charitable causes. He and his wife, Priscilla Chan, have pledged to give away 99% of their Facebook shares during their lifetime through the Chan Zuckerberg Initiative, which is aimed at promoting human potential and equality in areas like health, education, scientific research, and energy. Right now, these shares are valued at around $45 billion. Although the initial response from the media was largely positive, some critics are skeptical about Zuckerberg’s motivations and how the donation will be managed.