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Facebook’s Mark Zuckerberg to give away 99% of shares

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Last Updated on: October 25, 2022

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Facebook’s Mark Zuckerberg and his wife Priscilla Chan say they will give away 99% of their shares in the company to good causes as they announce the birth of their daughter Max.

Mr Zuckerberg made the announcement in a letter to Max on his Facebook page.

He said they are donating their fortune to the Chan Zuckerberg Initiative because they want to make the world a better place for Max to grow up in.

The donation amounts to $45bn (£30bn) at Facebook’s current value.

However the shares will not be donated to charity immediately, but over the course of the couple’s lives.

Max was born last week, although her birth was only made public public on Tuesday.

In his letter Mr Zuckerberg said the aim of the Chan Zuckerberg Initiative is “to advance human potential and promote equality for all children in the next generation”.

Its initial areas of focus will be personalised learning, curing disease, connecting people and building strong communities.

“Your mother and I don’t yet have the words to describe the hope you give us for the future,” Mr Zuckerberg said at the start of his letter to Max.

“You’ve already given us a reason to reflect on the world we hope you live in,” it added.

The letter highlighted the important role of technology in achieving the couple’s goals of advancing human potential and equality.

“Many of the greatest opportunities for your generation will come from giving everyone access to the internet,” Mr Zuckerberg wrote to his daughter.

He said more details about the donation will be released once he and Ms Chan return from paternity and maternity leave.

Mr Zuckerberg, who Forbes estimate is worth some $46.8bn, said he will remain chief executive of Facebook for “many, many years to come”.

In a filing to the US Securities and Exchange Commision, Facebook said that Mr Zuckerberg “plans to sell or gift no more than $1bn of Facebook stock each year for the next three years and that he intends to retain his majority voting position…for the foreseeable future.”

Written by: BBC

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Around 15,000 cases of vulnerable Afghan children addressed over past year

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The Directorate of Child Protection at the Ministry of Labor and Social Affairs announced on Saturday that in the solar year 1404, through the implementation of extensive support programs and the handling of thousands of protective cases, it has achieved significant accomplishments in securing rights, raising awareness, and improving the situation of children across Afghanistan.

According to the directorate, the registered cases have been organized into 23 different categories, allowing for targeted and specialized handling of each type of case. In the area of awareness-raising, extensive programs have also been implemented to improve the general knowledge of children and their families, resulting in 404,207 children and family members being informed about child rights, explosive hazards, environmental protection, and other important topics.

To strengthen local structures and accelerate case management, the Directorate of Child Protection, within the framework of its 1404 work plan, established 20 new committees at the district level in provincial centers. These committees play a key role in coordinating between government offices, rapidly identifying cases, and providing support services. Currently, child protection committees are active in 204 districts and regularly review and resolve children’s issues.

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Severe rainfall and natural disasters cause heavy casualties across Afghanistan

At least 61 people have been confirmed dead, with 116 others injured. Four individuals remain unaccounted for as search and rescue operations are underway.

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The Spokesperson for the Islamic Emirate of Afghanistan, Zabihullah Mujahid, has confirmed widespread devastation across the country following a series of natural disasters and heavy rainfall. The toll continues to rise as authorities assess the damage.

At least 61 people have been confirmed dead, with 116 others injured. Four individuals remain unaccounted for as search and rescue operations are underway. The disaster has also led to the destruction of 2,448 homes, leaving thousands displaced, while 26,841 acres of agricultural land have been severely damaged. In addition, the storm claimed the lives of 1,045 livestock animals, further exacerbating the already dire situation for rural communities.

In a statement, Mujahid emphasized the ongoing relief efforts. The Islamic Emirate is mobilizing all available resources to assist the hardest-hit regions and ensure the swift recovery of affected communities. The focus remains on providing immediate aid, including shelter, medical supplies, and food, while also beginning the long-term process of reconstruction and recovery.

Authorities have urged citizens in vulnerable areas to remain vigilant as more rain is forecast, adding to the urgency of the ongoing relief operations.

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Afghan citizens reported among casualties in US, Israeli attacks, Iran says

As of now, authorities of the Islamic Emirate of Afghanistan have not issued an official response to the claims.

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Iran’s Embassy in Kabul, citing Foreign Ministry spokesperson Esmaeil Baghaei, has stated that a number of Afghan citizens were killed or injured during what Tehran described as a 35-day military campaign carried out by the United States and Israel.

According to the statement, the Afghan nationals were living in Iran at the time of the attacks. Baghaei referred to them as “honored guests” of the country, adding that some lost their lives while others sustained injuries during the reported strikes.

He did not provide specific figures regarding the number of Afghan casualties or further details about the incidents.

As of now, authorities of the Islamic Emirate of Afghanistan have not issued an official response to the claims.

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