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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 sh
by 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?