http://almanacnews.com/print/story/print/2014/01/01/briefs-zuckerberg-donates-shares-of-facebook-to-foundation


Almanac

News - January 1, 2014

Briefs: Zuckerberg donates shares of Facebook to foundation

Mark Zuckerberg, CEO of Facebook, donated 18 million shares of the social media company to the Silicon Valley Community Foundation in December. Facebook stock is currently trading at around $53 a share on NASDAQ, making the donation a nearly billion-dollar gift to the local nonprofit.

Foundation representatives declined to comment on how the donation will be used. The nonprofit provides funding, grants and financial management for other organizations, including Peninsula Arts & Letters, the new nonprofit events arm of Kepler's Books.

Warrant issued for

suspect in drug case

When 29-year-old Tamaseula Tyrone Afoa Ape didn't turn up at a court hearing on Dec. 20, the judge revoked his bail and issued an arrest warrant.

Mr. Ape, of East Palo Alto, is charged with multiple counts related to alleged drug sales. According to the district attorney's office, a Menlo Park police detective executing a search warrant at the suspect's apartment found bags of cocaine and a generic form of Xanax, oxycodone tablets, marijuana and "a digital scale disguised as a CD case."

He has two prior convictions related to a 2001 felony hit-and-run case, according to the district attorney's office. By failing to appear on Dec. 20, Mr. Ape forfeited a $100,000 bail bond and now faces a bail of $150,000 when found.

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