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.

Link:

https://www.bloomberg.com/news/features/2017-09-21/mark-zuckerberg-s-political-awakening?utm_content=bufferfb97c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

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Tags:

dsreads facebook corporate power zuckerberg politics

Date tagged:

09/22/2017, 15:11

Date published:

09/22/2017, 11:11