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Google unveils Google.org

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M

Macam

Banned
Now here's a Google product I can get behind:

Google sets up $1bn charity fund

Google is committed to giving away some of its money Web search firm Google - whose motto is "don't be evil" - is setting up a subsidiary dedicated to doing good.

Its new philanthropic division, named Google.org, will fund social investment projects in the developing world.

Founders Larry Page and Sergey Brin are devoting 1% of Google's stock and profits - almost $1bn (£573m) - to the new charitable venture.

The first beneficiaries include projects to improve water supplies in rural Africa and anti-poverty works.

The charity is the outcome of a pledge made by the California-based company at the time of its initial stock market flotation last year.

Mr Page and Mr Brin said they would set up a Google Foundation to do "good things for the world".

Progressive

The foundation will start with an initial endowment of about $90m (£51.5m).

In addition, a further $175m will be invested outside the foundation over the next three years, with the aim of aiding "socially progressive" private companies as well as non-profit organisations.

Among the first causes to benefit are:

-The Acumen Fund, which will receive $5m to fund anti-poverty and healthcare schemes in the developing world

-A research project in Kenya run by economists from Harvard University and the University of California, which will get $400,000 for efforts to improve rural water quality

-A Ghanaian development organisation Technoserve will get $500,000 for a competition to find and fund business start-ups.

Google's vice-president of operations and advertising Sheryl Sandberg - who is in charge of Google.org - said the company wanted to provide sustainable solutions to the problems of poverty, energy and the environment.

"It's not a lot of money in the face of the world's problems, so we want to make sure to get the most out of it," she said
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well this makes it even harder to hate them. At last, a dictator I can love.
 
well, looks like we're returning to the age of enlightened dictatorship. Can't say I'm complaining about it.
 
maybe all this "overlord" stuff got back to the ears of those at google and they figured they'd better soften their image.
 
Scrow said:
maybe all this "overlord" stuff got back to the ears of those at google and they figured they'd better soften their image.
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Or maybe they really believe in their motto.
 
Stuff like this really really scares me about Google. They're too good, too perfect, too clean. I'm pretty cynical about many things but there's nothing I can pin on Google, so it's just scary. So far it looks like they're really out there to come up with great solutions that don't cost a shitload and just benefit everyone overall. It's just boggling. ^^;
 
Scrow said:
:lol
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Believe it or not, Brin and Page are mostly two regular guys. They were not born into wealth, and everyone that knows them from pre-Google days says they are great guys and didn't have ambitions of gigantic takeovers and whatnot. Whether or not you choose to believe these people, I'd like to think there are some powerful people and even corporations that value morality over profit. Those two guys are true role models to me.
 
Bataman said:
Jesus shit = Holy shit
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Right, except this is more specific. Jesus shit has an identity. Holy shit could just be some angel shit, or even pope shit. You don't want that. I've got the real deal stuff.
 
Boomer said:
Big deal, Bill Gates donated a billion dollars to the U.N.
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Like the UN's great with handling money. :P

What I like about this is these guys seem to be putting their money directly to where it needs to go instead of letting it filter through beauracracy.
 
Mihail said:
Believe it or not, Brin and Page are mostly two regular guys. They were not born into wealth, and everyone that knows them from pre-Google days says they are great guys and didn't have ambitions of gigantic takeovers and whatnot. Whether or not you choose to believe these people, I'd like to think there are some powerful people and even corporations that value morality over profit. Those two guys are true role models to me.
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Those guys don't run the company and haven't since long before the company went public.
 
Mihail said:
Heh, I know, which is why I included the second part of my post... the one you conveniently left out. :p
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considering how google is going now I'd say they're pretty ambitious :P
 
"Google Inc. and Comcast Corp. are in discussions to buy a minority stake in Time Warner's America Online, two sources close to the deal said on Wednesday."

Looks like theyre coming into some money.
 
Scrow said:
maybe all this "overlord" stuff got back to the ears of those at google and they figured they'd better soften their image.
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That was my immeadiate reaction.
 
teacupcopter said:
To be fair, Bill Gates has donated something like 28 billion to charity, more than anyone else on earth. But google do rock.
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when you have more money than most third world contries, you can afford to be generous with your donations.
 
bune duggy said:
when you have more money than most third world contries, you can afford to be generous with your donations.
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:lol and yet google are obviously awesome guys because they donated £50 million?


doulbe standards are AWESOME!
 
Clever move, google, clever move: you've managed to fool the sheep. Just remember, when your giant killer robots are plodding across the globe using advanced search algorithms to find and destroy each human, I'll be living underground in a secret bunker, managing a small resistance that will eventually topple your regime spectacularly.

Whoa whoa whoa, wait....1% of google's stock and profits is 1 billion dollars? Jesus shit...
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It's around 300 dollars/share. Ridiculously overpriced.
 
bune duggy said:
what the hell are you two going on about? I am implying that his donations are so large because he has so much money, nothing more.
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The underlying implication was that his substantial wealth makes his donations less meaningful.
 
OpinionatedCyborg said:
Clever move, google, clever move: you've managed to fool the sheep. Just remember, when your giant killer robots are plodding across the globe using advanced search algorithms to find and destroy each human, I'll be living underground in a secret bunker, managing a small resistance that will eventually topple your regime spectacularly.



It's around 300 dollars/share. Ridiculously overpriced.
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I too shall be running a bunker when the Terminators come online. We should compare notes.

I know what you're up to Google, and no sir, I don't like it.
 
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