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Just from this text, your conclusion appears to be opposite of the actual case. Control of FB is by bloodline.
by jsprogrammer 10y ago
Just from this text, your conclusion appears to be opposite of the actual case.
Control of FB is by bloodline.
- reverend_gonzo 10y agoThis is how it is currently. With this new deal, Zauckerberg loses that. Following paragraph reads: The new arrangement will convert Zuckerberg's high-vote B shares into A shares if he dies, is fired for cause, or resigns.
- jsprogrammer 10y agoThe parent edited their post. When does the deal close?
- henrikschroder 10y agoAfter a formal shareholder vote, where as if by magic, at least 60% of the votes will be in favour of the change.