Zukemberg defends his new philanthropic initiativeI

Zukemberg defends his new philanthropic initiativeI

Facebook founder Mark Zuckerberg has defended the unusual company structure chosen for the eye-catching philanthropic venture launched to celebrate the birth of his daughter.

Mr Zuckerberg will give away 99% of his stake in Facebook, worth $45bn (£30bn), to fund the Chan Zuckemberg Initiative.

Rather than set up a simple charity, Mr Zuckerberg formed a limited liability company (LLC) to administer the money.

An LLC brings certain tax exemptions but also allows investment for profit.

Bütün xəbərlər Facebook səhifəmizdə