Facebook made a ton of money via mobile in Q1 2016 as Zuckerberg proposes a stock split to stay in control
Apr27
Facebook reported its earnings for Q1 2016 today, and showed impressive growth with almost all revenue coming from mobile ads. Founder and CEO Mark Zuckerberg is also proposing a stock split that will see him remain in control of the company. The three-for-one stock split will usher in a new class of non-voting shares, which provides current Facebook shareholders with two additional, non-voting shares to their current holdings. That would create a lot more non-voting stock for trading purposes, and make the company’s Class B stock (which gives owners ten votes for each share) a bit harder to come by.…
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