Re:Zuckerberg Seeks Personal Privacy, Then Removes Online Pr...
by belandrew on Saturday October 12, 2013 @12:32PM
(#6539261)
It's not that simple.
Facebook has two classes of shares.
While Zuckerberg only kept 28% of the shares, he kept 57% of the voting rights. So it's still entirely his decisions.
[ Parent
| on HN ]
Re:Zuckerberg Seeks Personal Privacy, Then Removes Online Pr...
by seiji on Saturday October 12, 2013 @12:46PM
(#6539315)
It's amusing and tragic how the big money people figured out how to subvert the stock = ownership = voting rights equation. It feels technically legal, but actually wrong on a couple levels.
Their entire premise is "We're smarter than the rest of the world and you poor people can't be trusted with the big important decisions of us billionaires." This is social media on the internet after all—the most important advancement in humanity's collective history.
Re:Zuckerberg Seeks Personal Privacy, Then Removes Online Pr...
by Samuel_Michon on Saturday October 12, 2013 @03:08PM
(#6539847)
Yikes, I was not aware of that.