3 ms·

This is a red herring. Real news is "Facebook plans new non-voting shares to keep Zuckerberg at helm" "http://www.reuters.com/article/us-facebook-results-stock

• tedmiston 10y ago
  A 3:1 split but only 1 of your 3 shares post split will have voting rights, assuming I've read this correctly. > Facebook will issue two of the so-called "Class C" shares for each outstanding Class A and Class B share held by shareholders. > So, for example, someone who held a single Class A share at Wednesday's closing price of $108.76 would end up instead with one Class A share and two Class C shares, each of which would be priced at $36.25. > "Since the Class C shares would have the same economic rights as the Class A and Class B shares, we would expect that after the payment of the stock dividend, the share price of the Class A common stock would generally reflect a three for one stock split," Facebook Chief Financial Officer Dave Wehner said on a conference call.