Mark Zuckerberg
by Julie Zeveloff Young philanthropists dominated this year's list of the 50 biggest donors in America, with three of the top five well under 40. Facebook's Mark Zuckerberg, 28, came in only behind Warren Buffett on the annual list from The Chronicle of Philanthropy. He and wife Priscilla Chan gave 18 million shares of Facebook stock, valued at close to $500 million, to support education and health programs in Silicon Valley. Even so, giving remained below pre-recession levels. The top 50 donors on The Chronicle's list committed $7.4 billion to charity in 2012, down from $10.4 billion the previous year. The median ...
Facebook reported its earnings for the first time today, giving investors their first peek at the company's finances since its botched public offering in May. In the buildup to the earnings release, the social network did everything right - steered analysts to a relatively modest consensus view (12 cents a share and $1.15 billion in revenue), reported numbers that were equal to or slightly better than those estimates (12 cents a share, $1.18 billion), and enjoyed a few minutes of market euphoria. But Wall Street changed its mind. After an initial boost, Facebook's share price fell to around $24 in after-market trading, its all-time low. What happened? Well, it seems that once ...
