NEW YORK (AP) — Mark Zuckerberg says the company is withdrawing plans to create a new class of stock that would have let the him keep tight reins on the company even as he sold down his stake to fund his philanthropy. A shareholder class-action trial over the stock reclassification in Delaware was to start next week.

Topics:  york ap     mark zuckerberg   delaware   zuckerberg   priscilla chan   ceo    a    zuckerberg   facebook   class of stock   company   philanthropy   plans   fund   trial   
BING NEWS:
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  • "Google and Facebook have excessive power over business"
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BING SEARCH:
  • Technology and Science News
    Get the latest science news and technology news, read tech reviews and more at ABC News.
    06/16/2018 - 9:32 pm | View Website
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    One day in late February of 2016, Mark Zuckerberg sent a memo to all of Facebook’s employees to address some troubling behavior in the ranks. His message pertained to some walls at the company’s Menlo Park headquarters where staffers are encouraged to scribble notes and signatures.
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    Facebook is a social networking service launched on February 4, 2004. It was founded by Mark Zuckerberg with his college roommate and fellow Harvard University student Eduardo Saverin.
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  • Mark Zuckerberg
    Mark Elliot Zuckerberg (/ ˈ z ʌ k ər b ɜːr ɡ /; born May 14, 1984) is an American technology entrepreneur and philanthropist best known for co-founding and leading Facebook as its chairman and chief executive officer.
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    CalSTRS says Facebook is a 'dictatorship' over stockholders, but can't do much about it.
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