from the planting-stock-in-moneyville dept.
zmaragdus writes "Facebook Inc. converted its existing stock holdings into different classes of stocks (Class A and Class B) designed to give certain shareholders more power than others. This has been typically done in an IPO of a company's stock to give important people (company founders, for instance) more clout in the actions of the company when stock is first offered to the public. While Facebook maintains that it does not plan to offer stock publicly in the near future, this restructuring is one of the critical steps in doing so."
I am here by the will of the people and I won't leave until I get my raincoat
- a slogan of the anarchists in Richard Kadrey's "Metrophage"