Facebook Stock Performance: Would you Give Away Facebook Stock?

Facebook Stock Performance: There is no denying the fact that most have been disappointed with the performance of Facebook Inc (NASDAQ:FB) stock since the company went public in May. But does this mean you would give your shares away? Of course not – unless you are Mark Zuckerberg and money doesn’t matter.

Zuckerberg announced via a post on Facebook his decision to donate Facebook shares worth $500 million to the Silicon Valley Community Foundation.

As you can imagine, the gift is the largest the organization has ever received.

Here is Zuckerberg’s post in its entirety:

Two years ago, Priscilla and I signed The Giving Pledge, committing to donate the majority of the money we earn to charity.

Our first major project has been around education reform with Startup: Education in Newark, NJ. I’m really proud of the work we’ve done there, helping leaders like Governor Chris Christie and Mayor Cory Booker sign the most progressive teachers contract in our country, opening four new district high schools, 11 new charter schools and more.

Today, in order to lay the foundation for new projects, we’ve made a contribution of 18 million Facebook shares to the Silicon Valley Community Foundation. Together, we will look for areas in education and health to focus on next. I’m hopeful we’ll be able to have as positive an impact in our next set of projects.

As noted in an article on CNN Money, the donation is worth approximately $498 million when calculating based on yesterday’s closing price of $27.71.

In the same article, Emmett Carson, CEO of the Silicon Valley Community Foundation was quoted as saying:

Mark’s generous gift will change lives and inspire others in Silicon Valley and around the globe to give back and make the world a better place. We are pleased and honored that he has chosen to continue to partner with us to help him achieve his philanthropic goals.

While donating this much money is not realistic for most, it is good to see that people like Zuckerberg are looking for a way to give back. This is not the first time he has donated a lot of money, previously pledging $100 million in Facebook Inc (NASDAQ:FB) stock to public schools in Newark, New Jersey in 2010.

Since 2010, Zuckerberg has been part of the Giving Pledge, made famous by founder Bill Gates of Microsoft Corporation (NASDAQ:MSFT).

What are your thoughts on Zuckerberg’s generous gift of Facebook Inc (NASDAQ:FB) stock to the Silicon Valley Community Foundation?

Check back here for more updates on Facebook Stock Performance.

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