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Mark Zuckerberg ‘s maiden Q&A session with fans via Facebook Live – Watch!

Mark Zuckerberg ‘s maiden Q&A session with fans via Facebook Live – Watch!

New Delhi: Facebook CEO Mr. Mark Zuckerberg held his first live question & answer session with fans over the recently launched, Fb Live feature, answering various queries asked by users through his post. In his hour-long video Q&A session via Fb Live, the founder of the social networking giant told users that if he’d to start again as a teenager, he’d still build something equal to the Facebook that we know today. The Facebook chief executive spoke of the Orlando shootings, and also acknowledged an attack in Paris, where a man killed a police commander his partner and made postings about the attack on the social media site. “One of the things that I`m so proud of that our community does, whenever there is a tragedy around the world, we always find a way to come together,” said Zuckerberg, speaking from his office at the company`s Menlo Park, California...
Facebook board seeks curb in Mark Zuckerberg’s control in event of founder’s departure

Facebook board seeks curb in Mark Zuckerberg’s control in event of founder’s departure

New York: Facebook Inc`s board has proposed removing Mark Zuckerberg`s majority voting control in the event of the social media giant`s chief executive and founder deciding to exit management at some point in future. In a proxy filing on Thu with the United State Securities and Exchange Commission, Facebook`s board said it will ask shareholders to vote on a proposal that would convert Mark Zuckerberg`s Class B shares into Class A shares if he is no longer in a leadership position. As of 2 June, Zuckerberg beneficially owned about 4 million Class A shares and about 419 million Class B shares, collectively representing about 53.8% of total outstanding voting power and 14.8 percent of total outstanding economic interests. The proposed move – to be voted on at Fb`s annual general meeting on June 20 – is designed to make sure a future Fb chief`s management powers aren`t limited, the board said. “These new terms thus ensure that we will not remain a founder-controlled company after we cease to be a founder-led company,” the board said in the filing. Under current provisions, Mark Zuckerberg is allowed to hold Class B shares and exercise majority voting control even if leaves the company. Mark Zuckerberg would also be allowed to pass his Class B shares, and possibly his majority voting control, to descendants after his...
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