This was Zuckerberg making a deal with himself with an extra step to make it legal.
Zuckerberg controls approximately 60.6% of Meta’s voting power through Class B super-voting shares (10 votes per share). Controlling shareholders can’t act without the board. Zuckerberg selects the board.
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[ 0.52 ms ] story [ 25.9 ms ] threadZuckerberg controls approximately 60.6% of Meta’s voting power through Class B super-voting shares (10 votes per share). Controlling shareholders can’t act without the board. Zuckerberg selects the board.