“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.”
He can’t even define what AGI is. I wonder at what point Meta’s owners are going to remove him.
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.”
Or if he sells those shares…
So, he’s not Meta’s owner, he just fooled Meta’s owners into giving him the keys.
Making him the owner.
No, giving him control. He only owns 13.5% of it.
The owner of a company typically doesn’t remove themselves.
He only owns 13.5% of the company.
And 57% of the voting shares.