3 ms·

Is my reading correct? - He is selling his dividend bearing shares, but without losing voting rights?

• JonathonW 10y ago
  Via http://newsroom.fb.com/news/2016/04/q1-earnings-note/ http://newsroom.fb.com/news/2016/04/q1-earnings-note/ : > For each outstanding Class A and Class B share held by our stockholders, Facebook intends to issue two new Class C shares as a one-time stock dividend. The Class C shares will have the same economic rights as the existing Class A and Class B shares. The primary difference is that the Class C shares are non-voting. Functionally, it sounds sort of like a split to allow Zuckerberg to sell off part of his holdings without losing control of the company?
  • amaks 10y ago
    Exactly what Larry Page and Sergey Brin did with GOOG and GOOGL.
    • knorker 10y ago
      There already was B class stock with super-voting powers before the GOOG/GOOGL split, so unless Facebook had that too, then not exactly like it.
• salicideblock 10y ago
  The way he puts it sounds mucho more amiable, but yes. I also read it that way.
• ape4 10y ago
  Its part of their mission "to make the world more open and connected".
• deleted 10y ago
  [deleted]