Not quite, although he controls the majority of votes due to the controversial dual class shares. Owning shares in Meta/Facebook is really owning shares in Zuckerberg Inc. He has total control, your share ownership means nothing. Investing in Meta is nothing other than an investment in him and his management.
This is a relatively unusual situation (although Google was similar) and I believe the SEC don't like these structures and they don't really happen anymore.
Most other company's don't have these absurd structures and so an investor has a right to an opinion. So while I agree with the parent in relation to Meta, it is not a normal situation, and it not "right".
> Facebook has Class A shares and Class B shares. Investors hold Class A shares, but Mark Zuckerberg holds Class B shares, which have 10 votes each. His shares represent roughly 14% of Facebook's economic ownership but control nearly 60% of the voting rights.
OP’s point still stands. If people invested in him to the tune of $500b, then they gave him enough rope to hang everyone with. They knew the rules when they decided to play the game.
A lot of retail investors will be unlikely to understand the nuance of the situation with Meta/Facebook. I don't blame them for investing and finding themselves with no voice. Institutional investors should know better than accept these ownership structures.
Not quite, although he controls the majority of votes due to the controversial dual class shares. Owning shares in Meta/Facebook is really owning shares in Zuckerberg Inc. He has total control, your share ownership means nothing. Investing in Meta is nothing other than an investment in him and his management.
This is a relatively unusual situation (although Google was similar) and I believe the SEC don't like these structures and they don't really happen anymore.
Most other company's don't have these absurd structures and so an investor has a right to an opinion. So while I agree with the parent in relation to Meta, it is not a normal situation, and it not "right".
> Facebook has Class A shares and Class B shares. Investors hold Class A shares, but Mark Zuckerberg holds Class B shares, which have 10 votes each. His shares represent roughly 14% of Facebook's economic ownership but control nearly 60% of the voting rights.
https://www.wyrick.com/news-insights/what-is-a-dual-class-st...