Techcrunch : Zuckerberg is an autocrat.

[MicroBrew]

TL : DR
Zuckerberg owns only a small share of FB, but through the use of special voting shares, he wields absolute control over the decision making in the company. The Techcrunch article would like Congress to make FB accept 1 share = 1 vote.


Mark Zuckerberg is an autocrat, and not hypothetically. Through his special voting rights held in Facebook’s Class B shares, he wields absolute command of the company, while owning just a handful of percentage points of the company’s equity.

Like any autocrat, he has taken extraordinary measures to maintain control over his realm. He produced a plan exactly two years ago that would have zeroed out the voting rights for everyday shareholders with a new voteless Class C share, only to pull back at the last minute as a Delaware court case was set to begin. He has received the irrevocable proxies of many Facebook insiders, allowing him to control their votes indefinitely. Plus, any Class B shares that are sold are converted to Class A shares, allowing him to continue to consolidate power as people leave.

While Congress is right to focus on Cambridge Analytica, and electoral malfeasance, and political ads, and a whole crop of other controversies surrounding Facebook, it should instead direct its attention to the single solution that would begin to solve all of this: dissolve Facebook’s dual-class share structure and thereby democratize its ownership.

https://techcrunch.com/2018/04/09/one-share-one-vote/

 

[Headkicktoleg]

I wish Obama drone striked him

 

[Scheme]

Amazing how he was basically a messiah just a couple months ago, and very little new information was released about him or his company.

 

[MicroBrew]

Amazing how he was basically a messiah just a couple months ago, and very little new information was released about him or his company.

I dunna about the general public, but I always thought he was a slimy weasel, with how he nicked the idea for FB from others, though this can be argued. But what is not arguable is him putting up a wall around his Hawaii estate that blocks the view to the ocean for the locals. He is legally allowed to do it, but it comes off as a douche move, and Zuck loves to portray himself as a progressive caring type.

 

[snakedafunky]

Slightly off topics but every time I see the name Zuckerberg I cant take it seriously because his name translated one to one into German means Sugar mountain.
What could be better than a mountain made of sugar?

 

[all caps]

I dunna about the general public, but I always thought he was a slimy weasel, with how he nicked the idea for FB from others, though this can be argued. But what is not arguable is him putting up a wall around his Hawaii estate that blocks the view to the ocean for the locals. He is legally allowed to do it, but it comes off as a douche move, and Zuck loves to portray himself as a progressive caring type.

Sounds like the prototypical progressive these days. It's what we are all aspiring to be.

 

[MicroBrew]

Slightly off topics but every time I see the name Zuckerberg I cant take it seriously because his name translated one to one into German means Sugar mountain.
What could be better than a mountain made of sugar?

Sugar has been shown to effect the pleasure inducing regions of the brain, similar to Cocaine. Facebook is digital Sugar.
I rest my case !

 

[IDL]

Sugar has been shown to effect the pleasure inducing regions of the brain, similar to Cocaine. Facebook is digital Sugar.
I rest my case !

For a lot of people it is closer to digital cocaine. Cocaine mountain.

 

[MicroBrew]

Sounds like the prototypical progressive these days. It's what we are all aspiring to be.

I would say it's the pseudo progressive, the liberal/progressive elites who cultivate this image of caring but are only doing it for good PR, to advance their self interest.