> However because of the way Meta share ownership is structured Zuckerberg has complete control
How is it structured at a quick brief high level? Just the common "he owns 50.1% of the company in terms of # shares?"
How is it structured at a quick brief high level? Just the common "he owns 50.1% of the company in terms of # shares?"
He set it up that way to give him control of the company forever.
Source: https://www.morningstar.com/articles/1061237/how-facebook-si...
> The Facebook shares that you and I, along with big investors like mutual funds, can buy are Class A shares, of which there are roughly 2.4 billion in the market. We get one vote for each share. But Zuckerberg and a select group of others own Class B shares, which afford them 10 votes per share. There are roughly 440 million Class B shares.
>Zuckerberg personally owns nearly 360 million Class B shares, and through agreements with other Class B shareholders, controls the vote of another 32 million. That gives him control of some 392 million Class B Shares, some 90% of the total.
https://www.morningstar.com/articles/1061237/how-facebook-si...