Zuckerberg's Voting Power at Meta Comes From Class B Share Holdings -- Market Talk
Dow Jones
Apr 18
1825 ET - Meta CEO Mark Zuckerberg's outsized voting power comes from his ownership of almost all the tech company's Class B stock. The company said in a Thursday filing that Zuckerberg owns 342.6 million Class B shares, which constitute 99.8% of the total shares. That gives him 61% voting power. Even though his economic interest in Meta is around 14%, his voting power is much higher because Class B shares come with 10 votes a share, while Class A shares come with one vote. Zuckerberg has a mere 141,000 shares of Class A stock, half the number that Chief Product Officer Chris Cox owns. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 18:25 ET (22:25 GMT)
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