Mark Zuckerberg’s Political Awakening - Bloomberg
data_society's bookmarks 2017-09-22
Summary:
That comment applies to every decision Zuckerberg makes. Thanks to a block of supervoting shares, he owns 14 percent of Facebook but has voting control of the company—and, with it, control over a media platform that reaches more than a quarter of the world’s population. Last year at the company’s annual meeting, he proposed (and then, as Facebook’s controlling shareholder, approved) a plan to issue an additional class of shares that will allow him to maintain his control even if he sells most of his shares.