Non-voting share class structure
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Meta creates a new stock class to keep Zuckerberg in control
Business Insider· 2026-10-22 05:24
Meta's board wants Mark Zuckerberg to stick around. The company announced a new category of non-voting Class C stock in its third-quarter earnings report. It listed several reasons for creating the new class — one of which is to keep the CEO in control. A Special Committee established by Meta's board determined that Zuckerberg was the best fit to lead the company into its future, and highlighted the CEO's creative vision and management abilities. "The creation of the Class C common stock will continue the f ...