Zuckerberg on Friday said that he could meet the charity pledge and maintain voting control of Facebook without the change. His decision followed a shareholder lawsuit opposed to the creation of a new class of stock. In December 2015 Zuckerberg and his wife, Priscilla Chan, a pediatrician, pledged to give away 99 percent of their Facebook shares to charity. According to court records, Zuckerberg owns more than 400 million shares of Facebook. That would value his holdings at a minimum of $68.2 billion, based on the company's closing share on Friday of $170.54.

Source: New York Times September 22, 2017 19:31 UTC