By Brian Womack
Facebook Inc., the world’s biggest social-networking site, introduced a dual-class stock structure to let current shareholders hold onto voting control.
The decision shouldn’t be seen as a sign that the company is planning to go public, Facebook said today in an e-mailed statement. It said it has no plans to hold an initial stock sale at this time.
“We did introduce a dual-class stock structure because existing shareholders wanted to maintain control over voting on certain issues to help ensure the company can continue to focus on the long term,” Facebook said.
Continue reading Facebook Introduces Dual-Class Structure for Stock
