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#billion

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#marzocchibomber #millennial intern #co

#billion projection effective-drive unit24
capital #book #thelake \w context ::
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R.KarlLargent

#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.

eastbaytimes.com/2025/05/23/me #GiftLink #SharedStory #SiliconValley #HousingCrisis