Facebook CEO Mark Zuckerberg wants right to be bold after revenue beat
Last Modified: Thu, Apr 28 2016. 09 23 AM ISTMark Zuckerberg proposes a new class of stock to help him maintain control even as he gives his own shares away for philanthropic initiatives San Francisco: Facebook Inc.’s chief executive officer (CEO) Mark Zuckerberg picked a good time to ask for more freedom. The company reported sales and profit that blew past analysts’ estimates, fueled by businesses spending more to advertise in videos on its main mobile app. It was the latest in a string of strong earnings that have built up investors’ confidence in the company’s future. The leader of the world’s largest social network took the opportunity to propose a new class of stock, subject to shareholder approval, that will help him maintain control and ensure he has the…
Link to Full Article: Facebook CEO Mark Zuckerberg wants right to be bold after revenue beat
Sharing
