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Via http://newsroom.fb.com/news/2016/04/q1-earnings-note/ :

> For each outstanding Class A and Class B share held by our stockholders, Facebook intends to issue two new Class C shares as a one-time stock dividend. The Class C shares will have the same economic rights as the existing Class A and Class B shares. The primary difference is that the Class C shares are non-voting.

Functionally, it sounds sort of like a split to allow Zuckerberg to sell off part of his holdings without losing control of the company?




Exactly what Larry Page and Sergey Brin did with GOOG and GOOGL.


There already was B class stock with super-voting powers before the GOOG/GOOGL split, so unless Facebook had that too, then not exactly like it.




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