Facebook announced today in a regulatory filing that Dropbox founder and CEO Drew Houston will join the company’s board of directors by MichaelFNunez
This type of cozy relationship between Zuckerberg and an independent board member has become an issue for the company in the past. In 2016, Facebookagainst the board accusing member Marc Andreessen of advising Zuckerberg rather than representing the interests of investors.
The shareholders in the lawsuit claimed Andreessen unfairly coached Zuckerberg through the stock reclassification process that allowed him to sell Facebook shares and fund his new philanthropy project without losing his majority voting status. Facebook"It's been inspiring to watch Facebook grow into a platform that reaches billions of people around the world.
Zuckerberg remains firmly in control of Facebook’s future because of his controlling ownership stake in the company’s dual-class stock structure. Facebook shares [FB] slipped less than 1% after hours.
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