Chris Hughes And The Dangers Of Impact Investing
Huffington Post - about 1 year
Chris Hughes, the Facebook co-founder who bought The New Republic for a reported $2.1 million in 2012, has now decided that he’s going to sell it. “The New Republic needs a new vision that only a new owner can bring,” he writes, which is his way of saying that, after spending four years and $20 million on the property, he has decided to cut his losses. What do you do with your billions when you become dynastically wealthy in your 20s? Different Facebook co-founders have approached that question in very different ways. Dustin Moscovitz is giving his money away in the most empirically rigorous way he can; Mark Zuckerberg wants to change the world, again; and Eduardo Saverin decided it was a good idea to give up his U.S. citizenship. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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