But he has uncontested control because of an unusual dual-class share structure. And isn't the explanation for Facebook's founder-favoring structure basically that Peter Thiel wanted it that way?
My recollection is that founder-favoring share structures go in and out of fashion historically, and that Facebook rose during a period when that was popular. So yes, props to young Mark Zuckerberg for pushing for that when it was achievable.
But even Mark Zuckerberg describes himself as lucky in this regard:
“So one of the things that I’ve been lucky about in building this company is ... I kind of have voting control of the company, and that’s something I focused on early on. And it was important because, without that, there were several points where I would’ve been fired. For sure, for sure,” https://www.cnbc.com/2019/10/03/zuckerberg-if-i-didnt-have-c...
But he has uncontested control because of an unusual dual-class share structure. And isn't the explanation for Facebook's founder-favoring structure basically that Peter Thiel wanted it that way?
My recollection is that founder-favoring share structures go in and out of fashion historically, and that Facebook rose during a period when that was popular. So yes, props to young Mark Zuckerberg for pushing for that when it was achievable.
But even Mark Zuckerberg describes himself as lucky in this regard:
“So one of the things that I’ve been lucky about in building this company is ... I kind of have voting control of the company, and that’s something I focused on early on. And it was important because, without that, there were several points where I would’ve been fired. For sure, for sure,” https://www.cnbc.com/2019/10/03/zuckerberg-if-i-didnt-have-c...