Hacker News new | past | comments | ask | show | jobs | submit login

This is a red herring. Real news is "Facebook plans new non-voting shares to keep Zuckerberg at helm"

"http://www.reuters.com/article/us-facebook-results-stock-idU...

This smells of a unwanted dilution.




A 3:1 split but only 1 of your 3 shares post split will have voting rights, assuming I've read this correctly.

> Facebook will issue two of the so-called "Class C" shares for each outstanding Class A and Class B share held by shareholders.

> So, for example, someone who held a single Class A share at Wednesday's closing price of $108.76 would end up instead with one Class A share and two Class C shares, each of which would be priced at $36.25.

> "Since the Class C shares would have the same economic rights as the Class A and Class B shares, we would expect that after the payment of the stock dividend, the share price of the Class A common stock would generally reflect a three for one stock split," Facebook Chief Financial Officer Dave Wehner said on a conference call.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: