“As of January 2022, there were about 2.3 billion class A shares in Meta, and 412.86 million class B shares. But although class B shares represent just 15 per cent of total stock, they represent 64 per cent of the votes. And it means Zuckerberg alone controls more than 57 per cent of votes – meaning the only way he can be removed as chief executive is if he votes himself out.”
Meta’s owners? He is Meta’s owner.
“As of January 2022, there were about 2.3 billion class A shares in Meta, and 412.86 million class B shares. But although class B shares represent just 15 per cent of total stock, they represent 64 per cent of the votes. And it means Zuckerberg alone controls more than 57 per cent of votes – meaning the only way he can be removed as chief executive is if he votes himself out.”