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Column: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power

Por: Los Angeles Times Business November 03, 2022

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Back in the prehistoric era — in 2012, when Facebook staged one of the most hyped initial public stock offerings of all time — I warned the company's newly minted shareholders that they had become wedded to Mark Zuckerberg. Then 28, the company founder became one of the most deeply entrenched chief executives in American business. Facebook's two-class stock structure allowed Zuckerberg to control 57% of all shareholder votes... + full article



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