this post was submitted on 20 Jan 2024
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LocalLLaMA

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[–] didnt_readit 8 points 1 year ago (2 children)

Meta’s owners? He is Meta’s owner.

“As of January 2022, there were about 2.3 billion class A shares in Meta, and 412.86 million class B shares. But although class B shares represent just 15 per cent of total stock, they represent 64 per cent of the votes. And it means Zuckerberg alone controls more than 57 per cent of votes – meaning the only way he can be removed as chief executive is if he votes himself out.”

[–] Jeremyward@lemmy.world 2 points 1 year ago

Or if he sells those shares...

[–] merc -1 points 1 year ago (1 children)

So, he's not Meta's owner, he just fooled Meta's owners into giving him the keys.

[–] fubbernuckin@lemmy.world 1 points 1 year ago (1 children)
[–] merc 1 points 1 year ago

No, giving him control. He only owns 13.5% of it.