Facebook’s CEO and wife to give 99 percent of shares to their new foundation

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the Facebook founder and chief executive officer's page, attracted more than 570,000 “likes,” including from singer Shakira, former California Governor Arnold Schwarzenegger and Melinda Gates, wife of Microsoft founder Bill Gates

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Backpage.com wins injunction vs Chicago sheriff over adult ads

A federal appeals court on Monday ordered an injunction blocking the Cook County, Illinois, sheriff from pursuing any effort to stop credit card companies from handling transactions for Backpage.com, a classified ad website that the sheriff said promotes sex trafficking. The 7th U.S.

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Facebook makes paid time off for baby leave a global benefit

Less than a week after Facebook Chief Executive Mark Zuckerberg said he would take two months of paternity leave, the social media company announced it is extending its parental leave policy to full-time employees outside the United States. Employees may take leave at any point up to a year after the birth of their child, Lori Matloff Goler, the company's head of human resources, said in a Facebook post late Wednesday. Facebook currently offers only U.S.-based workers up to four months of paid leave

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German court says ISPs may have to block music-sharing sites

Germany's highest court said Internet service providers could be made responsible for blocking websites offering illegal music downloads, but only if copyright holders showed they had first made reasonable attempts to thwart such piracy by other means. The federal Supreme Court dismissed two cases brought by music rights society GEMA against Deutsche Telekom and music companies Universal Music, Sony and Warner Music Group against Telefonica's O2 Deutschland.

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Jury weighs murder charges for Florida ‘Facebook killer’

A Florida jury began weighing on Tuesday whether a man who killed his wife and posted a photo of her blood-spattered, lifeless body on Facebook committed first-degree murder. Attorneys for Derek Medina, 33, argued that he was acting in self-defense when he fired eight shots at Jennifer Alfonso, 27, in the kitchen of their Miami-area residence

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Black Oregon college student assaulted by three white men: police

The assault of a black Oregon college student by three white men is being investigated by a police hate crime unit and comes days after Portland police received reports of racist threats on social media, authorities said on Monday.

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Dell acknowledges security hole in new laptops

Major U.S. computer company Dell Inc [DI.UL] said on Monday a security hole exists in some of its recently shipped laptops that could make it easy for hackers to access users’ private data. A pre-installed program on some newly purchased Dell laptops that can only be removed manually by consumers makes them vulnerable to cyber intrusions that may allow hackers to read encrypted messages and redirect browser traffic to spoofs of real websites such as Google or those belonging to a bank, among other attacks.

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