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Illustration: Aïda Amer/Axios

MacKenzie Bezos is part of the latest tranche of billionaires to sign on to the Giving Pledge, which commits participants to giving away at least half of their fortunes.

Why it matters: Bezos is estimated to be worth more than $35 billion after her divorce from Amazon founder Jeff Bezos. Her move opens her up to criticism over how the mega-wealthy use philanthropy.

Details:

  • She might go further than half, hinting in her letter making the commitment that she “has a disproportionate amount of money to share” and that she will ”keep at it until the safe is empty.”
  • A spokesperson for Bezos declined to comment on her specific priorities, but the Day One Fund that she and Jeff Bezos launched last year focused on education and homelessness.
  • Other pledge signatories this year include WhatsApp founder Brian Acton and his wife, former Stanford Communications Director Tegan Acton, Coinbase CEO Brian Armstrong, Twilio CEO Jeff Lawson, and his wife, physician Erica Lawson, as well as VCs Chris and Crystal Sacca.
  • The total number of Giving Pledge signatories now numbers 204.

The big picture: Bezos and the other billionaires who’ve taken the pledge are liable to charges that they are using philanthropy to influence society without doing anything to address the underlying causes of inequality — or paying their fair share of taxes.

The bottom line, via Axios' Scott Rosenberg: There's a growing chorus of critics pointing out that we're allowing billionaires to choose how to spend their fortunes without paying any taxes on them, when we could be taxing them and devoting a portion to publicly agreed upon needs.

Go deeper

Using apps to prevent deadly police encounters

Illustration: Sarah Grillo/Axios

Mobile phone apps are evolving in ways that can stop rather than simply document deadly police encounters with people of color — including notifying family and lawyers about potential violations in real time.

Why it matters: As states and cities face pressure to reform excessive force policies, apps that monitor police are becoming more interactive, gathering evidence against rogue officers as well as posting social media videos to shame the agencies.

Dan Primack, author of Pro Rata
11 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.