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General

Facebook withdraws plan for new class of shares giving Zuckerberg control

Monday 25 September 2017 | 10:48 CET | News
Facebook has withdrawn a proposal to create a new class of its shares in order to give CEO Mark Zuckerberg continued voting control of the company. The decision comes ahead of the start of a lawsuit brought by other shareholders against the company over alleged conflicts of interest in the way the plan was decided, the Wall Street Journal reported. 

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Categories: General
Companies: Facebook
Countries: World
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