#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.
https://www.eastbaytimes.com/2025/05/23/meta-affordable-housing-donation/?share=sfsrsw3uc3tc3wn0term #GiftLink #SharedStory #SiliconValley #HousingCrisis
