> 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?
> 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?