Meta Filing Names Zuckerberg Majority Voting Holder

Meta Filing Names Zuckerberg Majority Voting Holder

Meta Platforms' latest SEC filing classifies Mark Zuckerberg as holding a majority of voting power, making Meta a "controlled company" under Nasdaq rules, a label that lets it rely on exemptions from some board independence requirements. Dual-class shares, which give certain stock extra votes, let voting power exceed economic stake, the share of company value an investor owns.

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