The Chan Zuckerberg Initiative exited its investment in DoorDash, and materially raised an investment in the Vanguard FTSE Europe exchange-traded fund in the...
The foundation established by Meta Platforms CEO Mark Zuckerberg and his wife, Priscilla Chan, has made some major changes in its U.S.-traded investments.
Zuckerberg and Chan are giving away 99% of their Meta stock through the foundation, which from December 2015 through October 2022 has made 4,470 grants totaling $4.84 billion. DoorDash earnings have been strong this year. The company has warned app users that food orders without tips could result in longer waits. A judge ruled that higher minimum-pay rates for New York City food-delivery workers could take effect in July while considers challenges brought by app-based companies, including DoorDash.
The Chan Zuckerberg Initiative owned 746,880 shares of the iShares Core MSCI Emerging Markets ETF as of June 30, but sold them by the end of September.
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