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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
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Snap Hires Washington Insider as Head of Global Policy

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January 19, 2017, 9:48 AM ET
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A woman takes a photograph with a camera whilst standing against an illuminated wall bearing Snapchat Inc.'s logo in this arranged photograph in London, U.K., on Tuesday, Jan. 5, 2016. Snapchat Inc. develops mobile communication applications that allows the user to send and receive photos, drawings, text, or videos that will only last for an allotted amount of time. Photographer: Chris Ratcliffe/Bloomberg via Getty ImagesChris Ratcliffe/Bloomberg via Getty Images
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Messaging app owner Snap Inc. has hired Jennifer Park Stout, former deputy chief of staff to the U.S. Secretary of State, as its head of global public policy, a spokeswoman told Reuters on Wednesday.

Stout started at the company “recently,” the spokeswoman said.

Snap, the owner of the popular Snapchat app, is expected to go public early this year, vying for a $25 billion valuation.

Earlier this month, the Venice, California-based company hired former Sony Entertainment Chief Executive Michael Lynton as its chairman.

The company has made a push into news and entertainment content. In 2015, it began sharing video and articles from TV networks such as CNN and ESPN on a feature called Snapchat Discover.

It also signed deals in 2016 with media companies such as Walt Disney Co and Comcast Corp’s NBCUniversal to have them produce original shows for Snapchat.

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