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When I worked at FB, we had to sign paperwork to convert our options to common shares and that we were also signing to acknowledge Mark gets preferred stock. Ou
by someonehere 6y ago
When I worked at FB, we had to sign paperwork to convert our options to common shares and that we were also signing to acknowledge Mark gets preferred stock. Our votes per share was set to one. Preferred shares were set to two (or maybe it was four) votes per share. Essentially he stacked in his favor this way. That’s how we all saw it when we got the paperwork.