Re:Uber opens at $42 per share
by rudolph9 on Friday May 10, 2019 @02:56PM
(#19881048)
Facebook voting rights are in the hands of their dear-leader and no amount of investor pressure has direct impact on the decisions made by the company.
> This is because of Facebook's dual-class share structure. Class B shares have 10 times the voting power of class A shares, and it just so happens that Zuckerberg owns more than 75% of class B stock. It means he has more than half of the voting power at Facebook.
> This is because of Facebook's dual-class share structure. Class B shares have 10 times the voting power of class A shares, and it just so happens that Zuckerberg owns more than 75% of class B stock. It means he has more than half of the voting power at Facebook.
https://www.businessinsider.com/facebook-investors-will-vote...