{"id":606511,"date":"2009-11-24T15:21:00","date_gmt":"2009-11-24T20:21:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/facebook-creates-dual-class-stock-structure-2009-11"},"modified":"2009-11-24T15:21:00","modified_gmt":"2009-11-24T20:21:00","slug":"facebook-creates-dual-class-stock-structure-to-maintain-control-after-ipo","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/606511","title":{"rendered":"Facebook Creates Dual-Class Stock Structure To Maintain Control After IPO"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4aa6d87372481b395f131e08\" border=\"0\" alt=\"markzuckerbergdropout.jpg\" \/><\/p>\n<p>Facebook says it has created a dual-class stock structure.<\/p>\n<p>Startups sometimes take this step before an IPO.<\/p>\n<p>In a statement, however, Facebook says &#8220;this revision to the stock structure should not be construed as a signal the company is planning to go public.&#8221;<\/p>\n<p>&#8220;Facebook has no plans to go public at this time.&#8221;<\/p>\n<p>In instances where the creation of a dual stock struction does precede an IPO, the idea is to create one class of &#8220;super-voting shares&#8221; for the company to own, and one non-controlling class for the public markets.<\/p>\n<p>This enables holders of those &#8220;super-voting&#8221; shares (likely management or the VC investors) to maintain voting control of the company while selling some economic stake to the public.<\/p>\n<p>Facebook says it changed the stock structure &#8220;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 to build a great business.&#8221;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/facebook-creates-dual-class-stock-structure-2009-11#comments\">Join the conversation about this story &#187;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook says it has created a dual-class stock structure. Startups sometimes take this step before an IPO. In a statement, however, Facebook says &#8220;this revision to the stock structure should not be construed as a signal the company is planning to go public.&#8221; &#8220;Facebook has no plans to go public at this time.&#8221; In instances [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-606511","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2xMr","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/606511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=606511"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/606511\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=606511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=606511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=606511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}