How did Mark Zuckerberg manage to own 25% of Facebook?

Alongside Facebook's FB -0.01% first quarter earnings, the social media company announced its proposal for a new third class of shares. In the proposal, owners of Facebook's existing dual-class stocks will be issued shares in a third, “C” class of stock. The C class will have no voting rights. read more

On the earnings call, Zuckerberg made the case for no-vote shares by offering examples of missteps that Facebook could have made if he had not controlled the company: In 2006, Yahoo offered to buy Facebook for around $1 billion, an offer Zuckerberg probably would have been pressured to take. read more

Facebook CEO Mark Zuckerberg emerged from two days of congressional testimony largely unscathed in the near term, with his company’s stock prices actually rebounding from recent dips as an apparent response to his answers. read more