On: Note from Mark Zuckerberg

[eadz]

Is my reading correct? - He is selling his dividend bearing shares, but without losing voting rights?

[JonathonW → eadz]

Via http://newsroom.fb.com/news/2016/04/q1-earnings-note/ :

> For each outstanding Class A and Class B share held by our stockholders, Facebook intends to issue two new Class C shares as a one-time stock dividend. The Class C shares will have the same economic rights as the existing Class A and Class B shares. The primary difference is that the Class C shares are non-voting.

Functionally, it sounds sort of like a split to allow Zuckerberg to sell off part of his holdings without losing control of the company?

[amaks → JonathonW]

Exactly what Larry Page and Sergey Brin did with GOOG and GOOGL.

[knorker → amaks]

There already was B class stock with super-voting powers before the GOOG/GOOGL split, so unless Facebook had that too, then not exactly like it.

[ape4 → eadz]

Its part of their mission "to make the world more open and connected".

[salicideblock → eadz]

The way he puts it sounds mucho more amiable, but yes. I also read it that way.