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Mark owns less than 30% of Facebook.
by a13n 7y ago
Mark owns less than 30% of Facebook.
- rubyn00bie 7y agoVoting shares are real ownership.
- a13n 7y agoNo, they're voting shares... He owns the majority of voting shares, but they aren't worth the majority of the value of company, and therefore he doesn't "own the majority of the company".
- rubyn00bie 7y agoI think the shares people buy without voting rights are not ownership, they are a weird financial instrument that should flat out be illegal. If you honestly think he doesn't own the company, despite having full uncontestable control of all it's resources, I believe you're one of the many to have been duped, friend.
- mikeash 7y agoIf you count by shares, yes. But his stock gets more votes, so he owns 60% of the votes.
- ImprovedSilence 7y agoJust to be a pedantic asshole, but I’m pretty sure he only owns 53% of voting shares.
- mikeash 7y agoThe article I found said 60%, but that could easily be wrong or just out of date.