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   
  • 7 Companies Reinventing 'Old' Fields With New Tech
    How it works: Relationship Hero specializes in instant relationship coaching, which can be done via phone calls, emails, texting or Facebook Messenger. The company aims to help with any issue related ... guy from [their] class” at Stanford Business ...
    06/21/2018 - 4:00 am | View Link
  • CARY KENNEDY | The public education candidate has the base. Is that enough to win the primary?
    But Kennedy has made the issue the engine of her campaign ... that she announced her candidacy last April in a much-mocked and consequently much-watched Facebook Live post shot in her car as she drove home from dropping her daughter off at high school.
    06/20/2018 - 12:47 pm | View Link
  • Run-Off Blues: Inside the Playoff to Challenge Roger Wicker
    Scott, flanked Sherman and wife, Sela Ward, outside the city hall in Laurel called on Democrats to unite around the California native in the run-off election on June 8, Facebook live recordings ... tax cuts for the middle class are temporary, while the ...
    06/20/2018 - 4:40 am | View Link
  • "Google and Facebook have excessive power over business"
    In late January this year, Facebook announced that it would stop publishing advertisements ... Zingales became aware of the issue when doing research that resulted in a study he published in 1994 that exposed abuse by controlling shareholders in public ...
    06/18/2018 - 3:47 am | View Link
  • 'Emulate George Washington, not Vladimir Putin': Facebook investors are in open revolt over Mark Zuckerberg running the firm like a 'dictatorship'
    The governance issue has been bubbling away for weeks ... Central to investor concerns is Facebook's dual-class shareholding. Facebook's Class A shares trade under the FB ticker on public markets and come with one vote for each share.
    05/31/2018 - 10:34 pm | View Link
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  • 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
  • Inside Facebook's Hellish Two Years—and Mark Zuckerberg's ...
    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.
    06/16/2018 - 9:29 am | View Website
  • History of Facebook
    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.
    06/16/2018 - 6:51 am | View Website
  • 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.
    06/14/2018 - 11:57 pm | View Website
  • CalSTRS hammers Facebook for entrenching Zuckerberg — but ...
    CalSTRS says Facebook is a 'dictatorship' over stockholders, but can't do much about it.
    05/11/2018 - 3:33 pm | View Website
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