Today’s Deals – Facebook drops no-vote stock plan, Zuck will sell share to fund philanthropy

 Mark Zuckerberg has gotten so rich that he can fund his philanthropic foundation and retain voting control without Facebook having to issue a proposed non-voting class of stock that faced shareholder resistance. Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block the corporate governance… Read More

from TechCrunch

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: