Meta creates non-voting Class C stock to keep Zuckerberg in control

Meta announced a new non-voting Class C share class, issued as a one-for-one dividend on every Class A and Class B share, effectively a two-for-one split. Zuckerberg can sell 20% of his new Class C shares immediately; the other 80% are stapled, sellable only alongside an equal number of his voting shares. All shareholders get another one-for-one Class C dividend each time the stock doubles from $580.60, provided annual returns are at least 10%. Chan Zuckerberg entities holding 56% of the vote approved the plan the next day. The new shares take effect Jan. 19, 2027. Meta said the structure lets Zuckerberg fund the Chan Zuckerberg Initiative without giving up voting control.

AI-generated from reports · 1 hours agoUpdate

Not enough continuous observation data yet; trend chart is not drawn for now.