Zuckerberg says Facebook won't issue new class of stock
NEW YORK (AP) " Mark Zuckerberg says the company is withdrawing plans to create a new class of stock that would have let the him keep tight reins on the company even as he sold down his stake to fund his philanthropy.A shareholder class-action trial over the stock reclassification in Delaware was to start next week. An attorney representing Facebook says the trial has been canceled.Zuckerberg and his wife, Priscilla Chan, have committed to donating 99 percent of their wealth in [...]
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