Meta announces stock split issuing non-voting Class C shares
META Meta Platforms Inc
$648.85 -6.98%
View chart & analysis → - 1Meta will implement a stock split issuing non-voting Class C shares on January 19.
- 2Existing shareholders will receive 1 Class C share for every 1 share held.
- 3CEO Mark Zuckerberg will maintain his voting rights.
So what's the key point?
Meta has decided to split its stock and distribute new shares without voting rights to existing shareholders. This method increases the number of shares while keeping management control unchanged.
Source The Motley Fool +1 · View original ↗
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