E-mail
Print
Text
Facebook restructures stock to aid founder
CommentsFacebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company.
The social network said Tuesday that it had no plans to go public “at this time.” But the move may well be seen as laying the groundwork for it.
The dual-class structure is what Google Inc.’s founders, Larry Page and Sergey Brin, created to keep voting control before it went public in 2004. Google’s Class B shares, owned by Page, Brin, CEO Eric Schmidt and some directors, hold 10 times the voting power as Class A stock.
Comments
JOIN THE DISCUSSION
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service.
Comments are displayed newest first. If you would like to read a thread from beginning to end, select "Oldest first" from the drop down menu.
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service.
Comments are displayed newest first. If you would like to read a thread from beginning to end, select "Oldest first" from the drop down menu.
