Of all the good qualities that Mark Zuckerberg is known for, philosophy is one that makes the drops you off the list. Ever since the man came into the LimeLight, he has been known for his intelligence, his skills at enterpreneurship and for his philanthropic move as well. His love towards the society and the interest in helping people across the world is definitely worth making mention of. All the very small, Mark Zuckerberg has sold 95 million dollars worth shares of Facebook in stock this month and he has done so only because he wanted to fulfill his philanthropic promises.
The 95 million dollars worth sales that Mark Zuckerberg made amounted to 768,000 in all.The trading plan used was a 10B5-1 trading plan. Under this plan anyone who wishes to sell shares can schedule it before time to ensure that no other problems with insider trading happens. Zuckerberg had promised that he would be giving away 99% of his wealth to do the cause of philanthropy Help he did not use any of the proceedings from these shares sales to his own benefit. He has ensured that all the proceedings from the sales of the shares be spent on personalized learning, cure for diseases, providing Internet access to the poor rest parts of the world and to build communities that is strong and United for a good cause.
Another declaration from Mark Zuckerberg had declared that one million dollars for here would be spent on donations. But that does not mean that Zuckerberg has given away any control to these people. The company stock structure has been changed in a way that Mark will still be in full control of his company even though he does not hold a lot of stock but no direct comments were made from within the Facebook staff regarding any such changes. 400 million shares of Facebook are still in in his possession and we are yet to see whether she would keep his or give these away as well.