Facebook drops no-vote stock plan, Zuck will sell shares to fund philanthropy

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 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 Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block the corporate governance overhaul. Read More
Fundings & Exits – TechCrunch

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