craigslist blows $1.6M on UC Berkeley

Craigslist Foundation Donates $1.6M To UC Berkeley:

Craigslist, the popular community networking Web site, has donated $1.6 million to the University of California, Berkeley, to help create the first endowed professorship at its 5-year-old Berkeley Center for New Media.

The mission of the center is to advance new media in the public interest, and to explore the effect of new media on culture, said engineering Professor Ken Goldberg, who was appointed director of the center in July.

I wonder how far that money would have gone towards the effort to stop the human trafficking that their site facilitates.