Shareholders force Zuckerberg to give up plan for non-voting shares
Found on Ars Technica on Friday, 22 September 2017
The plan, which Facebook announced last year, would have given shareholders two new non-voting shares for each voting share they owned.
Most companies operate according to a one-share-one-vote principle. But several high-profile technology companies, including Google, Facebook, and Snap, give extra per-share voting rights to founders and early investors.
That does not sound like everybody is equal. Funny how they claim that all people have the same rights only when it suits them.