Yesterday Instagram had everyone on FaceBook and Twitter (and of course Instagram) going crazy over the new updated terms of service which basically gives them (Mark Zuzkerberg and his FaceBook company bought Instagram for $1 Billion earlier this year), the right to sell your pictures to companies for ads. In otherwords, the photos you take of your children playing at the park wearing a new Spongebob t-shirt, could be used for promotional material without your consent. Well, technically they do have your consent since it’s in the terms that take effect January 16th 2013.
Mark Zuckerberg is slick… right after his company declares they will have the rights to your photos
without compensating you, the public went crazy on facebook and other social media sites, and he responds by donating almost $500 million to the Sillicon Valley Community Foundation, a non-profit organization that will work with Zuckerberg to focus on health and education. He definitely had all of this planned out lol.
Now I think anytime you donate money towards a good cause it’s wonderful! Who wouldn’t? But my concern is his underlying approach and intentions. The fact that it happened later in the day after a public protest to Instagrams new policy changes is kind of suspect. It’s like the Koch Brothers donating money to a small local town, just so they can pollute the water that runs through one neighborhood within that town. Whoa nowww… Mark Zuckerberg and The Koch Brothers shouldn’t be mentioned in the same sentence unless it’s to compare good rich vs bad rich.
And then there’s clearly the tax write off theory… he doesn’t actually care about helping others but instead only a tax write off for himself… which I don’t really agree with much but you never know. I think he actually does want to help others but is consciously still trying to make more money and get richer. But why donate so much money to this one organization? Clearly he gets some brownie points for FB and Instagram since good PR usually amounts to money, but this won’t generate a profit or anything. Whatever the theories are, the fact is simple… he donated $498 Billion to a non-profit organization that will give back to others. That’s good stuff!