Clear Cut

November 24, 2009

Facebook Is Going Public

Filed under: Facebook — Blue @ 5:04 pm
Tags: ,

Facebook just introduced a two-class stock option today, which will inevitably lead to the company going public.  Facebook’s founder and CEO Mark Zuckerberg announced that the two-class structure of the stock option will be to help the current shareholders maintain control over the decisions made within the company.

All current shareholders will be moved to class B status, meaning that their votes are worth 10 points in voting matters, while class A will be given one point respectively.  What does this mean?  It seems that whoever buys shares from Facebook will be doing nothing more than getting a chunk of the money, as there is no way Zuckerberg is going to give up any of the control to outside investors.  If the outside investors have ways of eliminating all the applications from Facebook, I’d be all for them taking control of the company.



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