Mark Zuckerberg will sell at least $6 billion in Facebook stock over the next 18 months
https://qz.com/1085673/facebook-drops-plan-to-create-a-new-class-of-no-vote-shares/
Facebook is nixing its plan to create a class of non-voting stock.
CEO Mark Zuckerberg had proposed the plan so that he could fund his philanthropy efforts by selling stock while still maintaining control of the company, but Facebook has been doing so well, he said on Friday, that he setup will no longer be necessary.
Mark Zuckerberg will sell at least $6 billion in Facebook stock over the next 18 months
Sep 23, 2017, 4:13pm UTC
https://qz.com/1085673/facebook-drops-plan-to-create-a-new-class-of-no-vote-shares/
>Facebook is nixing its plan to create a class of non-voting stock.
>CEO Mark Zuckerberg had proposed the plan so that he could fund his philanthropy efforts by selling stock while still maintaining control of the company, but Facebook has been doing so well, he said on Friday, that he setup will no longer be necessary.