Cari Tuna and Dustin Moskovitz
Former Wall Street Journal reporter Cari Tuna and husband Dustin Moskovitz, co-founder of Facebook and the productivity platform Asana, launched their foundation Good Ventures in 2011 with an ambitious mission to 'improve as many lives as possible, as much as possible' in an effort to help humanity 'thrive.' The couple, both Giving Pledge signatories, are also among the founders of Open Philanthropy, a grantmaker that advises major donors, including Tuna and Moskovitz, on how to maximize the impact of their giving.
Good Ventures and Open Philanthropy are governed by the principles of effective altruism, which favors a data-centric approach, intended to direct dollars to causes where they can do the most good. Tuna, who is co-founder and chair of Good Ventures and chair of Open Philanthropy, says that approach involves considering three key criteria in deciding which causes to focus on: neglectedness, importance, and tractability (how hard it might be to solve). She says, "If we are only giving to the things that are important to us as donors then we are missing a whole swath of other opportunities to improve people's lives, especially the causes that are affecting the most disadvantaged people in the world."
That strategy has led Tuna and Moskovitz to direct their money to a wide range of causes they consider underfunded, including the prevention of lead poisoning and illness due to poor air quality. Open Philanthropy is also one of the biggest philanthropic funders of research on AI safety. In March, Open Philanthropy also launched a $120 million fund, with half of the money coming from Good Ventures, to fund research, philanthropy, and advocacy to reduce regulatory and other barriers to housing and green energy infrastructure development.
Contact us at letters@time.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
3 hours ago
- Wall Street Journal
U.S. Leading Indicators Show Economic Clouds Gathering
The U.S. economy is set to slow, leading economic indicators say, with the impact of tariffs becoming more pronounced in the second half of the year through higher prices. The Leading Economic Index, or LEI, published Monday by research group The Conference Board, declined 0.3% to 98.8 in June, a stronger fall than the 0.2% expected by a consensus of economists polled by The Wall Street Journal. It followed an unchanged reading in May that was revised upward from the 0.1% downtick originally reported.
Yahoo
3 hours ago
- Yahoo
July Fed meeting & interest rates: What it means for your money
Mind Your Money host Allie Canal discusses the expectations for the Federal Reserve's next meeting on interest rates in July and what that means for your money. To watch more expert insights and analysis on the latest market action, check out more Mind Your Money here. The Federal Reserve is widely expected to hold interest rates steady at its July meeting, keeping rates in a range between 4.25 and 4.5%. But what does that mean for your money? Well, it depends on your financial situation and your fi- financial goals. The Fed's benchmark rate, known as the federal funds rate, it's set roughly once a month, and it influences something called the prime rate. The prime rate is what commercial banks charge their most credit-worthy customers. Your personal interest rate for things like loans or credit cards is based on that, along with your credit score and history. When the Fed raises rates, the prime rate tends to rise, when the Fed cuts, it usually falls, too. The Wall Street Journal publishes the most commonly used version of the prime rate, surveying the 10 largest US banks to get it. So, what does this mean for savers? Well, when the Fed keeps rates high, banks often raise deposit rates to compete for customer cash, meaning you could earn more interest on your balance. Certificates of deposit or CDs may offer particularly attractive rates, though they're still below the peaks we saw in 2022. If your bank starts lowering rates or if you're opening a new account, it may be worth shopping around. On the flip side for borrowers, higher rates mean you'll pay more if you carry a balance on a credit card or take out a new loan. Mortgage rates are indirectly tied to Fed policy, and while the Fed is expected to hold steady until at least September, that still means home buyers are looking at mortgage rates hovering around 7%. Related Videos Alphabet earnings checklist: 3 things to watch for DJT stock jumps as bitcoin treasury holdings top $2B JPM's Michele Doesn't Expect a Big Bond Market Selloff Why Nextdoor is having a founder-led re-founding moment Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Verizon's Premium Plans Drive Higher Profit Projections After Solid Quarter
Verizon Communications (NYSE: VZ) stock gained on Monday after the company reported better-than-expected second-quarter financial results and raised guidance. The company reported quarterly revenue growth was 5.2% year-over-year (Y/Y), reaching $34.50 billion, topping the analyst consensus estimate of $33.57 billion, driven by its broad wireless and broadband offerings across market segments. Adjusted EPS of $1.22 topped the analyst consensus estimate of $1.19. The company boosted retention and acquisition through a three-year price lock, a free phone guarantee, and the rollout of AI-powered tools for personalized support and better customer reported a net loss of 9,000 postpaid phone connections in the latest quarter, falling short of analysts' forecast for a gain of 13,000, per the Wall Street Journal report on Monday. The company added 148,000 postpaid phone connections during the same quarter last year. Total wireless service revenue was $20.9 billion, up 2.2% Y/Y backed by add-ons such as access to streaming services like Netflix (NASDAQ:NFLX), as per Reuters. Verizon Business' retail postpaid net additions were 65,000. The quarter saw 293,000 total broadband net additions versus 391,000 Y/Y. The company ended the quarter with over 12.9 million broadband subscribers, up 12.2% Y/Y. At the end of the quarter, the company had over 5.1 million fixed wireless subscribers. Total fixed wireless access net additions reached 278,000 in the quarter, compared with 378,000 Y/Y. View more earnings on VZ Total Verizon Business revenues were $7.3 billion, down 0.3% Y/Y. Total Verizon Consumer revenue rose by 6.9% Y/Y to $26.6 billion. Consumer wireless retail postpaid churn was 1.12%, and wireless retail postpaid phone churn was 0.90%. Verizon Consumer clocked wireless retail postpaid phone net losses of 51,000, versus 109,000 net losses Y/Y. Consumer reported 50,000 wireless retail core prepaid net additions compared to 12,000 net losses Y/Y. Verizon's net income stood at $5.1 billion versus $4.7 billion a year ago. The consumer segment EBITDA margin declined by 200 bps to 42.1%, while the business segment EBITDA margin grew by 130 bps to 22.9%. Company-level adjusted EBITDA of $12.8 billion, up from $12.3 billion Y/Y. Verizon's quarterly free cash flow was $5.2 billion, down from $5.8 billion Y/Y. Heading into the year's second half, Verizon plans to maintain momentum by growing wireless service revenue, expanding adjusted EBITDA, and generating solid free cash flow. FY25 Outlook Verizon reiterated a 2.0%-2.8% growth in wireless service revenue. It narrowed its adjusted EPS outlook from $4.59-$4.73 to $4.64-$4.73 versus the consensus of $4.68, driven by demand for its higher-tier plans as per the Reuters report. Verizon expects $19.5 billion-$20.5 billion (prior $17.5 billion-$18.5 billion) in 2025 free cash flow, $37.0 billion-$39.0 billion (prior $35 billion-$37 billion) in operating cash flow, and reiterated $17.5 billion-$18.5 billion in capital expenditure. Verizon's guidance does not reflect any assumptions regarding the pending acquisition of Frontier Communications Parent (NASDAQ:FYBR). According to the Wall Street Journal, Verizon reiterated that it is well-positioned to achieve the next milestone of 8 to 9 million fixed wireless access subscribers. Price action: VZ stock is trading higher by 4.06% to $42.50 premarket at last check Monday. Photo by Karolis Kavolelis via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? VERIZON COMMUNICATIONS (VZ): Free Stock Analysis Report This article Verizon's Premium Plans Drive Higher Profit Projections After Solid Quarter originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
