Facebook reported its earnings for Q1 2016 today, and showed impressive growth with almost all revenue coming from mobile ads. Founder and CEO Mark Zuckerberg is also proposing a stock split that will see him remain in control of the company. The three-for-one stock split will usher in a new class of non-voting shares, which provides current Facebook shareholders with two additional, non-voting shares to their current holdings. That would create a lot more non-voting stock for trading purposes, and make the company’s Class B stock (which gives owners ten votes for each share) a bit harder to come by.…

This story continues at The Next Web
Source: The Next Web


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