Facebook agreed to certain additional rules (eg quarterly reporting) in exchange for being able to solicit investment from the public. There was no rule against

Facebook agreed to certain additional rules (eg quarterly reporting) in exchange for being able to solicit investment from the public. There was no rule against the share classes. I agree with others. It was well known that Facebook was exclusively controlled by zuck when it went public, and that wouldn’t change. I think the only recourse is to lobby the sec to prevent it from happening in future IPOs.