In most cases, one share of a stock equals one vote, but not always — including at Facebook. Facebook has what’s called a “ dual class ” structure of “Class A” shares and “Class B” shares. The Class A shares are what everyday investors on the regular stock market have access to, The company said on Tuesday that it was creating a dual-class stock structure for itself, and converting all of its current shares into so-called Class B shares, which will have 10 votes each on matters of corporate governance. Class A shares, which would be sold in an initial public offering, would carry one vote.

10 Dec 2015 (And we suspect, of course, this is because large technology companies like Google and Facebook have implemented this type of structure.) The  31 Jan 2017 A dual-class structure creates two classes of shares, each with shares in Facebook, but he owns a considerable amount of “class B” shares. Facebook currently has a dual-class structure. Class A shares, which are what trade under the ticker "FB" on public markets and have one vote per share, and Class B shares, which have 10 votes per share and is what company insiders own. The Class B shares don't trade on an exchange. Dual-class structures are becoming more common Dual-class share structures have a long history, but until recently, they were rare. Investors, markets, and regulators all typically frowned on them. Facebook's dual-class stock structure insulates CEO Mark Zuckerberg from shareholder pressures — and accountability. Getty. Facebook is under scrutiny for the way it handled its knowledge that Cambridge Analytica illicitly collected data on 50 million of its users. Technically, what empowers Zuckerberg is Facebook's stock structure. The company has two classes of shares — Class A, which is mostly held by everyday investors; and Class B, which is mostly held by Zuckerberg. Each Class B share comes with 10 times more votes than each Class A share.

Facebook currently has a dual-class structure. Class A shares, which are what trade under the ticker "FB" on public markets and have one vote per share, and Class B shares, which have 10 votes per share and is what company insiders own. The Class B shares don't trade on an exchange.

20 May 2012 Thanks to a two-class stock structure, Zuckerberg will own about 28% of He calls dual-class arrangements like Facebook's “grotesque” and  25 Aug 2017 The impetus was the issuance of non-voting stock in the recent Snap Inc. IPO. Alphabet (Google) and Facebook, have gone public by offering shares with Dual class share structures clearly violate this policy and are an  10 Dec 2015 (And we suspect, of course, this is because large technology companies like Google and Facebook have implemented this type of structure.) The  31 Jan 2017 A dual-class structure creates two classes of shares, each with shares in Facebook, but he owns a considerable amount of “class B” shares. Facebook currently has a dual-class structure. Class A shares, which are what trade under the ticker "FB" on public markets and have one vote per share, and Class B shares, which have 10 votes per share and is what company insiders own. The Class B shares don't trade on an exchange. Dual-class structures are becoming more common Dual-class share structures have a long history, but until recently, they were rare. Investors, markets, and regulators all typically frowned on them. Facebook's dual-class stock structure insulates CEO Mark Zuckerberg from shareholder pressures — and accountability. Getty. Facebook is under scrutiny for the way it handled its knowledge that Cambridge Analytica illicitly collected data on 50 million of its users.

17 Apr 2019 Four out of eight shareholder proposals this year are critical of the company's dual-class stock structure, which gives a select group of insiders 

policy of accepting companies with dual-class stock structures. Part I 10 See, e.g., Facebook, Inc., Registration Statement (Form S-1), at 8 (Feb. 1, 2012);  20 Mar 2018 Mark Zuckerberg owns the majority of the voting rights to Facebook due to a dual class structure that weights certain shares over others. 24 Nov 2009 SAN FRANCISCO (MarketWatch) -- Closely held Facebook Inc. is adopting a dual-class stock structure, a move that could lend insiders 

13 Sep 2018 In a normal company, a CEO that oversaw a 50% decline in the stock price and Its dual-class share structure means public shareholders have no say in Facebook was already a highly profitable company at its IPO, with a 

1 Nov 2018 The result is that stocks like Snap with zero voting rights will be allowed back Social media giant Facebook's dual share class structure was  15 Feb 2018 His staff's analysis showed that firms with never-ending dual-class stock trade at a discount to ones that retire the structure later in the company's  28 May 2012 Before Facebook went public, it created two classes of shares, and Dual-class share structures used to be rare and confined largely to  These dual-class structures allow a company to concentrate voting power in the hands of The controversy over dual-class shares is not a new one. Facebook , Snap, LinkedIn, Groupon and Yelp all adopted the dual-class structure for their  26 Jun 2013 Multi-class stock structures for Facebook and Groupon, for example, too early to say whether they would pursue a dual-class stock structure). 20 May 2012 Thanks to a two-class stock structure, Zuckerberg will own about 28% of He calls dual-class arrangements like Facebook's “grotesque” and 

increasingly using dual-class stock structures, which allow them to retain voting anticipated technology IPO since Facebook's IPO in 2012— with a multi-class 

31 May 2019 Many Facebook investors are furious at Mark Zuckerberg, but can't do urged the company to phase out its dual-class stock structure "at the  17 Nov 2018 Facebook's corporate structure gives Mark Zuckerberg unchallenged control over it. Congress can and should address that problem with a  25 Nov 2009 The company said on Tuesday that it was creating a dual-class stock structure for itself, and converting all of its current shares into so-called  7 Jun 2019 Facebook has a dual-class structure in place which means that individual and institutional shareholders have Class A stock where one share 

policy of accepting companies with dual-class stock structures. Part I 10 See, e.g., Facebook, Inc., Registration Statement (Form S-1), at 8 (Feb. 1, 2012);  20 Mar 2018 Mark Zuckerberg owns the majority of the voting rights to Facebook due to a dual class structure that weights certain shares over others.