Zuckerberg nixes new Facebook share class after shareholder lawsuit

WILMINGTON, Del. (Reuters) - Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth.

Zuckerberg nixes new Facebook share class after shareholder lawsuit
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