Facebook founder and CEO Mark Zuckerberg is taking two months for paternity leave.He'll split the time between the first month of his new daughter's life, and the month of December, he said in a post Friday, noting that Facebook offers 4 months of maternity and paternity leave as studies show parents spending time with newborns benefits the whole family."I'm looking forward to bonding with our new little one and taking Max on adventures," Zuckerberg said.Zuckerberg and his wife, philanthropist Priscilla Chan, announced they're expecting their second daughter back in March.Their daughter Max was born in 2015."I'm pretty sure the office will still be standing when I get back," he said.
Facebook CEO Mark Zuckerberg will take two months of paternity leave when his wife Priscilla Chan gives birth to their second daughter, he shared in a post to the social network.Zuckerberg did something similar back in 2015, when the couple welcomed their first daughter, Max.Facebook offers its US employees up to four months of paid parental leave which they can take throughout the year.When Max was born, Zuckerberg took his time all at once; this time, Zuckerberg writes, he'll take a month off to be with his family immediately following the birth, and then he'll go on leave again for the entire month of December.Zuckerberg also notes that "when working parents take time to be with their newborns, it's good for the entire family.""And I'm pretty sure the office will still be standing when I get back," writes Zuckerberg.
Bill Gates, the richest person in the world, is giving away more of his vast fortune.According to an SEC filing released Monday, Gates made his largest donation to charity since 2000 -- 64 million shares of Microsoft stock valued at $4.6 billion.According to Bloomberg, that figure represents about 5 percent of his wealth and reduces his stake in Microsoft to 1.3 percent from a high of 24 percent in 1996.Gates didn't pledge the gift to a specific entity, but in the past most of his donations have gone to the Bill & Melinda Gates Foundation, which directs the money to various causes the Gates support.In 2010, Gates joined with Warren Buffett to create the Giving Pledge, promising to give away the bulk of their fortunes and challenging other megawealthy individuals to do the same.170 others, including Mark Zuckerberg and Priscilla Chan, have now signed the pledge.
Facebook almost cancelled its $16 billion (£12.3 billion) IPO in 2012 because its internal revenue projections were so bad, according to court testimony in a class-action lawsuit.Mark Zuckerberg wrote the following text to his then-fiancee and now wife Priscilla Chan saying: "Everything here is going really badly.Our revenue projection has gone down so much we now think we might go public at less than $50bn if things continue."The episode dates from April 2012, when Facebook was struggling to make the switch from desktop into mobile.The court heard that Zuckerberg went into a "huddle" with some of Facebook's top executives in a hotel room in New York.He met with then CFO David Ebersman and COO Sheryl Sandberg to discuss whether to float.
Facebook CEO Mark Zuckerberg and his wife, Dr. Priscilla Chan, have been adding more political muscle to their philanthropic organization, fueling rumors that the tech mogul could be eyeing a presidential bid in 2020.Joel Benenson, a Democratic pollster who formerly worked as a top adviser to President Barack Obama and the chief strategist for Hillary Clinton’s presidential campaign, will help advise the organization, Politico reported, citing a person familiar with the hire.His company, Benenson Strategy Group, will be doing research for the Chan Zuckerberg Initiative, which mission is “advancing human potential and promoting equality.”Get tech news in your inbox weekday mornings.Sign up for the free Good Morning Silicon Valley newsletter.When asked about the hire, a CZI spokesperson told SiliconBeat in a statement:
Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, hired a Democratic pollster and former top advisor to President Barack Obama as a consultant, according to a report from Politico.The report, citing a person familiar with the matter, said Joel Benenson and his company, Benenson Strategy Group, will conduct research for the couple’s philanthropy — the Chan Zuckerberg Initiative.Hiring Benenson is the latest sign that Zuckerberg and Chan are pushing their philanthropic work more heavily into the political and policy world, according to Politico.The report pointed out that the couple previously hired Obama’s 2008 presidential campaign manager David Plouffe and brought on Amy Dudley, who was a former communications advisor to Democratic senator Tim Kaine .There has been public speculation that Zuckerberg could be aiming to one day enter politics, or even run for U.S. president.Most recently, Benenson was the chief strategist to Hillary Clinton’s unsuccessful 2016 presidential campaign.
The charitable initiative of Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, has reportedly taken on Democratic pollster Joel Benenson as a consultant, further fueling speculation about his possible political ambitions.Benenson was a strategist for both of Barack Obama’s presidential campaigns, and was the chief strategist for Hillary Clinton’s doomed campaign last year.The Chan Zuckerberg Initiative also took on Obama campaign manager David Plouffe earlier this year to head up policy and advocacy, as well as Amy Dudley, the former adviser to Clinton running mate Tim Kaine who is now the charity’s spokesperson.Politico reported Thursday that the charity had hired Benenson’s consultancy to conduct research.In a statement given to the publication, the Chan Zuckerberg Initiative insisted that its research is only focused on the charity’s work in “science, education, housing, and criminal justice reform.”However, while these are all areas that will require a degree of political navigation, the hire is sure to feed into those persistent rumors of Zuckerberg considering a presidential run.
Now that Facebook CEO Mark Zuckerberg has brought nearly two billion people to his site, and become the world's fifth-richest person in the process, he and his wife Priscilla Chan are setting their sites on new arenas — namely, reforms in education, housing, and criminal justice, Axios reports.In 2015, they launched the Chan Zuckerberg Initiative (CZI), a private company that will eventually be used to funnel 99% of the couple's Facebook stock into programs that build or improve schools.As Facebook's stock has risen in the two years since, the value has likely grown.Zuckerberg is most interested in funding personalized learning, an approach that uses technology to help kids work at the speed and difficulty best suited for them.Self-guided instruction plays a big part.Schools that run personalized learning models often give students laptops and tablets to work through problems on their own; teachers only intervene occasionally.
Tencent, Asia’s highest-valued tech company, has continued to invest in India after it backed online education service BYJU’s.Tencent has been less prolific in India than rival Alibaba, but its investments in the country include e-commerce giant Flipkart, healthcare firm Practo and chat app Hike.Bangalore-based BYJU’s operates a range of online classes in India from students from grades 4-12 — it is named after founder and former teacher Byju Raveendran who started it in 2011.It said it has turned profitable in the last quarter with annual revenue more than doubling to reach $40 million for the 2016-2017 period.That was quickly followed by a $50 million round led by the Chan Zuckerberg Initiative — the philanthropic fund from Facebook CEO Mark Zuckerberg and his wife Priscilla Chan — in September 2016.The World Bank’s IFC fund added $15 million more in December.
“Personalized learning” is one of the hottest trends in education these days.The Bill & Melinda Gates Foundation has reportedly spent more than US $300 million on personalized learning R, while the Chan Zuckerberg Initiative—the investment and philanthropic company created by Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan—has also signalled its commitment to personalized learning (which Zuckerberg announced on Facebook, of course).Just last month, the two groups teamed up for the first time to jointly fund a $12 million program to promote personalized classroom instruction.It can be done, with difficulty, for well-structured and well-established topics, such as algebra and computer programming.It’s ironic that the inventor of the world’s leading social media platform is promoting education that’s the opposite of social.Interestingly, one early proponent of personalized learning had a far more expansive view.
The future of tech “will be written in Legos, Nairobi, Kampala and cities across Africa,” Jeremy Johnson the CEO and founder of Andela told CNBC.“We believe that Africa is going to emerge as a very significant player in the global tech scene,” he said.“We created a platform that enables the best and brightest to basically scale their abilities as technologists, and in the process ... also solve the problem that many companies around the world are facing, and that’s just a shortage of technical talent,” said Johnson.Nigeria and Kenya are both centres of start-up activity, and among the fastest growing of the innovation hubs on the continent.Companies are increasingly comfortable with teams that are widely distributed, he said.Last June, the Chan-Zuckerberg Initiative — founded by Mark Zuckerberg and his wife Priscilla Chan — led Andela’s series B funding round.
Teachers working in Silicon Valley school districts are some of the best paid educators in the state.The median home price tops $1.1 million in San Mateo County, and has risen 5.3% over the past year.Mark Zuckerberg and Priscilla Chan are trying to help by spending $5 million to help at least 60 teachers in Redwood City and East Palo Alto, California purchase real estate.Their education and healthcare foundation, the Chan Zuckerberg Initiative, has partnered with housing startup Landed in an effort to keep public school teachers in the cities where they work.When a teacher wants to buy a home, Landed pairs them with an investor who can spare funds for the down payment.When the home eventually sells (or 30 years have passed), the investor takes home up to 25% of the property's gains or losses.
He's already poured millions into education efforts and has pledged billions more to initiatives like curing the world's diseases.He also coded computer games for his friends at a young age.Zuck loved the classics — "The Odyssey" and the like — and he became captain of his high school fencing team.It got 22,000 page views from 450 people in the first four hours it was up.Harvard quickly ordered it to be taken down, citing copyright and security concerns.He started "The Facebook" with several friends out of his dorm room and dropped out of school after his sophomore year to focus on it full-time.
Facebook cofounder and CEO Mark Zuckerberg livestreamed a tour of his old Harvard University dormitory room, where it all started./p p Along for the ride last night was his former classmate and now wife Priscilla Chan.Zuckerberg recalls his glory days as a wannabe prankster whose stunts like Facemash (he uploaded photos of Harvard students into a kind of collegiate “Hot Or Not” program) sometimes got him into hot water with the Harvard snobby elites./p p Oh, the hijinks!
p Mark Zuckerberg, CEO of Facebook, today returned to his old Harvard dorm room 13 years after dropping out — and he broadcast the whole tour on Facebook Live for several thousand viewers.Zuckerberg and his wife Priscilla Chan toured H-33 of Kirkland House, walking viewers through his activities there, including coding what was then known as “thefacebook.com.” The two reminisce at length about his roommates, two of whom — Dustin Moskovitz and Chris Hughes — would go on to found Facebook with Zuckerberg.Like all things Zuckerberg, it’s about 50-percent pleasant, and 50-percent awkward.Zuckerberg says things like, “In this hallway, which is a very narrow hallway” and refuses to show everyone the bathroom — presumably out of modesty.This is another stop on Zuckerberg’s tour of America, which the internet has agreed is a totally normal thing that normal people do.Zuckerberg is set to give the commencement address at Harvard’s graduation ceremony on May 25.
p /p p /p p Facebook is one of the most successful companies in the world now, but five years ago it was dealing with the fallout of a disastrous initial public offering plagued by technical glitches./p p It turns out that CEO Mark Zuckerberg originally tried to change the date of Facebook's IPO because of another major life event: his wedding./p p Zuckerberg and Priscilla Chan were planning to throw a surprise wedding in their backyard, and Zuckerberg was worried about it taking place too close to his company's public debut./p p "I remember the day David, our CFO, told me the IPO process would conclude on May 18," Zuckerberg wrote in a Facebook post celebrating his anniversary on Friday.I closed the door and asked if it was possible to maybe do it a few days sooner."/p p "He said it wouldn't be ready yet.
p On Friday, the Facebook CEO and his wife ― a philanthropist and pediatrician ― celebrated their fifth wedding anniversary.Zuckerberg marked the occasion with a sweet Facebook post (naturally!)that also told the funny story of how their wedding ended up falling just one day after the social media company went public back in 2012.I sent our friends and family an email telling them I was throwing a surprise party for Priscilla to celebrate her graduation from medical school.When they showed up at our home, I told them we were getting married.It was a great day,” Zuckerberg wrote in the post.
p Guardant Health, a startup that’s been pushing to open a new front on the global war on cancer, has raised $360 million in a gargantuan round of funding led by a subsidiary of Japanese telecoms giant SoftBank, with participation from Sequoia Capital, Khosla Ventures, Lightspeed Venture Partners, OrbiMed, 8VC, “certain funds and accounts” managed by T. Rowe Price, and Temasek, among others./p p Founded in 2013, Guardant has been developing a non-invasive screening tool that relies on blood samples rather than tissue to detect cancer.The “Guardant 360” test is designed to help patients avoid risky and expensive biopsies.The genomic test helps pair patients who have advanced cancer with targeted therapies, as well as with emerging drugs in clinical trials./p p Guardant had already raised around $190 million, including a chunky $100 million Series D round last January.With its latest cash injection, the company has revealed plans to sequence the tumor DNA of more than one million cancer patients within the next five years.
Silicon Valley is coming for death.Perennially youthful Facebook CEO Mark Zuckerberg and his wife Priscilla Chan announced last year a $3 billion initiative to obliterate human disease.Among his many crusades, Paypal co-founder and Trump advisor Peter Thiel aims to end mortality.Since the 19th century, average life expectancies have risen for everyone (though not at equal rates) thanks to advances in science and technology.In particular, as Princeton economists revealed today, white middle-aged men with a high school education or less, hit disproportionately by the Great Recession, are dying of despair.Or just those of people already doing great?
Until four months ago, Jeremy Freeman was working in the neuroscience lab at Janelia, a non-profit research campus located in Washington, DC.Freeman is now manager of computational biology at the Chan Zuckerberg Initiative (CZI), a philanthropic venture setup by Priscilla Chan and her husband Mark Zuckerberg with a modest goal: to cure, prevent or manage all diseases by the end of the century.“If you’re like me, this seems like a crazy goal but it’s good to have crazy goals,” Freeman told the audience at the WIRED Health conference in London.“However, if I said we were going to achieve this things in a thousands years, it might not seem so crazy.”The challenge for Freeman, and the CZI’s scientific work as a whole, is to accelerate that process.“A lot of biology is really limited and bottlenecked by the ways we process data and disseminate our knowledge,” he said.