EBay’s Founder Invested $500,000 into an Experiment Giving Free Money The founder of EBay, Pierre Omidyar invested $493,000 to the charity GiveDirectly in Kenya. It is an experiment that tests an upcoming solution for the poverty known as primary income. People who are getting basic income receive a set of the amount on a regular basis to cover their expenses like food, clothing and rent.
Pierre Omidyar started the Omidyar Network which is the philanthropic investment arm. The GiveDirectly charity is running a small service in just Kenyan villages at present. However, once the experiment launches in a few months, […]
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