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Mark Zuckerberg explains why he didn't give his Facebook billions to charity

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Earlier this week, Mark Zuckerberg made the surprise announcement that he, along with his wife Priscilla Chan, would be donating 99 percent of their Facebook shares — worth around $45 billion — to the causes of "advancing human potential" and "promoting equality." The gesture appeared altruistic, but some have criticized the way Zuckerberg is using the money, giving it to a limited liability company rather than a charitable foundation. Now Zuckerberg has responded to those complaints, posting another message that attempts to explain why he set up the Chan Zuckerberg Initiative, and what he and his wife want to do with the money.

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