#zuggerfugger — Public Fediverse posts

#Facebook front office grabbed great publicity from its bold #billion dollar public #pledge to help solve the #BayArea #housing crisis, then after the cameras, clicks and likes disappeared so did it's phony commitment, as #Meta quietly cut the funding teat and #ghosted the topic.

Money did flow at first , as public entities provided matching funds, but #Zuggerfugger's #PaloAlto #SocialMedia #boardroom backed shills quietly cut and run, committing far less than a quarter of the publicly pledged total. The vast majority of money from Meta, a company lacking a corporate charitable arm, came back to their HQ, repaid as low 2% interest rate loans of up to $15m to developers, not actual donations.

5 years after the flurry of #publicity, the unfulfilled propaganda pipe dream went deferred, projects were few and far between, impacts largely lost and untold in a region still desperately in need of more affordable housing.

https://www.eastbaytimes.com/2025/05/23/meta-affordable-housing-donation/?share=sfsrsw3uc3tc3wn0term #GiftLink #SharedStory #SiliconValley #HousingCrisis

#Facebook front office grabbed great publicity from its bold #billion dollar public #pledge to help solve the #BayArea #housing crisis, then after the cameras, clicks and likes disappeared so did it's phony commitment, as #Meta quietly cut the funding teat and #ghosted the topic.

Money did flow at first , as public entities provided matching funds, but #Zuggerfugger's #PaloAlto #SocialMedia #boardroom backed shills quietly cut and run, committing far less than a quarter of the publicly pledged total. The vast majority of money from Meta, a company lacking a corporate charitable arm, came back to their HQ, repaid as low 2% interest rate loans of up to $15m to developers, not actual donations.

5 years after the flurry of #publicity, the unfulfilled propaganda pipe dream went deferred, projects were few and far between, impacts largely lost and untold in a region still desperately in need of more affordable housing.

https://www.eastbaytimes.com/2025/05/23/meta-affordable-housing-donation/?share=sfsrsw3uc3tc3wn0term #GiftLink #SharedStory #SiliconValley #HousingCrisis

#Facebook front office grabbed great publicity from its bold #billion dollar public #pledge to help solve the #BayArea #housing crisis, then after the cameras, clicks and likes disappeared so did it's phony commitment, as #Meta quietly cut the funding teat and #ghosted the topic.

Money did flow at first , as public entities provided matching funds, but #Zuggerfugger's #PaloAlto #SocialMedia #boardroom backed shills quietly cut and run, committing far less than a quarter of the publicly pledged total. The vast majority of money from Meta, a company lacking a corporate charitable arm, came back to their HQ, repaid as low 2% interest rate loans of up to $15m to developers, not actual donations.

5 years after the flurry of #publicity, the unfulfilled propaganda pipe dream went deferred, projects were few and far between, impacts largely lost and untold in a region still desperately in need of more affordable housing.

https://www.eastbaytimes.com/2025/05/23/meta-affordable-housing-donation/?share=sfsrsw3uc3tc3wn0term #GiftLink #SharedStory #SiliconValley #HousingCrisis

#PayCuts for #Poors as #SiliconValley #MoneyFlowsUp

After cutting thousands of jobs, #Zuggerfugger board approves raising exec bonuses to 200% of #Meta base salary, (up from 75%), while regular #Facebook staff annual stock options are cut.

https://www.cnbc.com/2025/02/20/meta-approves-plan-for-bigger-executives-bonuses-following-5percent-layoffs.html deets link via Jonathan Vanian at #CNBC

#EmbraceTheUnknown

How #Advertising Rivals #Google & #FaceBook Teamed Up To Use A #Euphemism In Team Pitches To Target #Unknown Minors ( a supposedly banned #Demographic ) In Secret #AdTargeting Pact

https://on.ft.com/3SRfCr4 via #FinancialTimes #SocialMedia #Zuggerfugger