//
you're reading...
News, Product Launch, Social Networking, Technology

Facebook Goes Public But Mark Still Runs The Show

In case you thought Facebook’s IPO transition meant a possible say from the common folk, try again:

SAN FRANCISCO (Reuters) – Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.

The Harvard dropout, who launched the social networking phenomenon from his dorm room, will control 56.9 percent of the voting shares in a company expected to be valued at up to $100 billion when it goes public. Facebook says it has 845 million active monthly users.

Advertisements

About MMHighlights

Society & Entertainment Blog

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Connect With Us!

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 867 other followers

Ask MMH

Ask MMH

Have a question? You can submit all inquiries – anonymously or otherwise – via twitter or email. Have a topic you want to see discussed? Feel free to let us know.

MMH Tweets

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

%d bloggers like this: