Mark Zuckerberg will not be awarding $4.5 million to Facebook users who post a "thank you" comment. Mark Zuckerberg is awarding $4.5 million to 100 Facebook users who post a certain statement on the social networking site. The statement reads: "I'm giving $100,000 to someone who wants to use their life experience to make the world a better place."
Zuckerberg announced his intention to give away the money last year when he was questioned about Facebook's impact on society during an interview at the World Economic Forum in Davos, Switzerland. He said that many people had asked him whether Facebook has had any negative effect on society and he replied by saying that he believes technology has the potential to do good or bad things for humanity, but that he hoped his company would focus on helping rather than harming people.
Zuckerberg went on to say that he wanted Facebook to help people lead more meaningful lives and become more responsible citizens of the world. He also mentioned that some of the funds might be used to support humanitarian causes.
The award will be given out over four years. Users must be active Facebook members and they cannot be related to each other. They will need to submit a video stating why they deserve the prize money.
Submissions will be accepted from now until September 14th, 2013.
Mark Zuckerberg's $300 million gift to safeguard elections must overcome Facebook's tainted history. One of Zuckerberg's largest-ever contributions sparked an immediate controversy about billionaire generosity. The company said he would give half his fortune, which is estimated at $45 billion, to charity upon his death. The other half will go to the University of California, San Francisco's school of medicine.
Zuckerberg announced the donation in a blog post on Friday. He said he was "very excited" to be able to make such a large contribution with his friend and business partner, Dustin Moskovitz, who also donated $200 million. They plan to divide the money into equal parts and put them into funds that will support social issues they both believe in, including democracy and freedom of speech.
"We want to make sure this money gets done properly and actually makes a difference," Zuckerberg wrote. "So we'll keep any personal money we have left over after we give away our shares of the company."
The news triggered a debate about wealth redistribution through philanthropy, especially from one individual to another. It also generated criticism about Facebook's influence on politics and privacy. Just a few weeks before the election, researchers found evidence that Russians used Facebook ads to try to influence voters.
Mark Zuckerberg has announced that he will give away 99 percent of his Facebook shares, which are now worth $45 billion. Among those in attendance were Mark Zuckerberg and his wife, Priscilla Chan. Reuters/Rick Wilking Mark Zuckerberg stated on Tuesday that he will give away 99 percent of his Facebook shares, which are now worth $45 billion, over his lifetime. The Facebook founder made the announcement at a conference in India where he also said he would like to see a day when people can vote directly from their phones.
Zuckerberg told reporters after the presentation that he had been thinking about what kind of charity he should support and decided to focus on global issues instead.
"I want to make sure that my money and my time is focused on things that will have the most impact," he said. "And I don't think you can really have an influence on many things unless you're giving money to good organizations or working with good organizations."
He added: "So I'll be setting up some foundations for myself. I plan to give away almost all of my stock over my lifetime."
The Facebook founder's wealth is so large that it can be difficult to estimate exactly how much he could give away. However, according to the Bloomberg Billionaires Index, his fortune exceeds that of other rich people who have made news for donating part of their wealth. These include Microsoft's Bill Gates, Amazon's Jeff Bezos, and Apple's Steve Jobs.
Mark Zuckerberg has been accused of not utilizing his own social network, and it has been alleged that he pays more than a dozen people to maintain his Facebook profile. The 32-year-old, who launched Facebook in 2004 and is worth $53.6 billion, has nearly 85 million social media followers. However, according to reports, he does not even have an active Facebook account - he simply hires people to log out of other accounts on which they may have posted content critical of him.
Zuckerberg's former roommate at Harvard University, Dave Morin, claims that the Facebook founder doesn't use the site because he doesn't want to be bothered. "I think he feels overwhelmed by how much attention Facebook can get you," said Morin, who now runs blogging platform Path. "He doesn't want to use it because he doesn't want to bother with it."
However, others claim that he does use the service, but only has an account for marketing purposes. "There are some products that he tests out before they come out. But I don't think this is one of them," a source told Business Insider. "He has a team that maintains his page for him."
Zuckerberg has previously spoken about how he does not use Facebook as a personal device, saying: "I don't use Facebook myself, so I don't care what happens to it."