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Are we supposed to believe that the people receiving the $130M will be somehow independent and make decisions without influence from Facebook? That doesn't sound very plausible.

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> The money marks a significant investment in an organization that doesn’t yet exist, but could take on responsibility for some of the company’s thorniest decisions.

I hope what doesn't happen is that this turns into a way for Facebook to delay/confuse/distort how decisions are made, and ultimately give Facebook itself a way to shirk the blame.

That's exactly what this is. They're trying to avoid regulation of any kind, and "third party audits" are historically a good way to keep the federal government out of your hair for at least a measurable period of time. The financial industry learned this quickly.

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