One of Mark Zuckerberg's employees gives him three choices in an extraordinary moment:

1. Resign as CEO of Facebook
2. Resign as CEO of CZI
3. Moderate Trump's content

That's when Zuckerberg flipped the tables.

https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
We've got a bunch of scoops in this piece about how Facebook affects the Chan Zuckerberg Initiative. Will share a couple.

For starters, the Cambridge Analytica scandal ended up temporarily killing a political data startup that CZI acquired called Deck.

https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
Color of Change, one of Facebook's loudest critics, had talks to take $2 million last year from the Chan Zuckerberg Initiative.

They decided against it — turning down free money! — because they saw it as "dirty" Facebook millions.

https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
Mark Zuckerberg to his employees on the inflammatory posts by Donald Trump — that Facebook won't take down:

"Trump is going to be judged by what he said. And it’s not going to be judged well, from my opinion.”

https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
I found this anecdote a little funny, not going to lie.

When Cambridge Analytica happened and Facebook's stock tanked, some employees at the Chan Zuckerberg Initiative thought it could affect their budget.

Facebook was still worth hundreds of billions!

https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
One employee at the Chan Zuckerberg Initiative told me they quit in large part due to concerns about Zuckerberg and Facebook.

“One of the reasons I ended up leaving was that I could no longer put aside this feeling of shame and almost guilt."

https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
The Chan Zuckerberg Initiative wants to give away money to some controversial racial justice groups.

But it is giving the money through an intermediary in part to manage any blowback from conservatives, a source says. (CZI disputes that's why.)

https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
Here's the bigger picture:

Billionaires like to point to their philanthropy to justify their net worths. They cast the charity work as independent from their corporate practices.

But what the CZI story shows is that these are not so easily segregable.
https://www.vox.com/recode/2020/6/26/21303664/mark-zuckerberg-facebook-chan-zuckerberg-initiative-philanthropy-tension
You can follow @teddyschleifer.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: