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Zuckerberg Sells $95 Million In Facebook Stock For Philanthropic Organization
The money is for Zuckerberg and his wife’s effort to help with education, medicine. Facebook CEO Mark Zuckerberg has just sold a huge chunk of stock to fund his recently launched philanthropic initiative, according to a new regulatory filing on Wednesday. His philanthropic venture, Chan Zuckerberg Initiative, has sold 760,000 Facebook shares worth nearly $95 million.Get Data Sheet, Fortune’s technology newsletter. Zuckerberg and his wife, Priscilla Chan, announced the creation of the organization, the Chan Zuckerberg Initiative (CZI), when their daughter, Max, was born in 2015. The Initiative is focused on ... (full story)
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