MENLO PARK, California (The Adobo Chronicles) – What a difference a new-born baby makes.

To welcome the birth of their baby daughter Max, Mark Zuckerberg and Priscilla Chan announced a new initiative in which they will donate 99% of their wealth to charity. Most of that money, in excess of $45 Billion, is coming from Facebook, the highly successful social media network founded by Zuckerberg.

With just 1% of his assets remaining — after the donation — there is no way Zuckerberg can continue to sustain Facebook operations, and that’s a big concern among the social media network’s more than 1.5 Billion users.

That concern  was just confirmed today as Zuckerberg announced that he will be gradually phasing out Facebook in the next 5 years or so.  He and Priscilla will be focusing on raising their daughter in an environment free of social media.

This latest announcement by Zuckerberg energized the people behind ELLO, the Facebook-like social media network launched last year but didn’t quite take off fabulously as anticipated.

So if you’re a Facebook addict or if your social life is totally based on Zuckerberg’s Internet platform, it’s time to make plans for the future  — the very near future in fact.