PolicyThe Next Webabout 2 hours ago
Shareholders Sue Meta Over Zuckerberg Plan
4 min read
Meta shareholders sued Mark Zuckerberg and the board on Tuesday, 27 October, to block a non-voting share plan before it takes effect on 19 January 2027. The lawsuit alleges Zuckerberg bullied directors to approve terms allowing him to sell about $23.8bn of new shares while retaining 60.6% of voting control.
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