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Facebook creates dual-class structure, but no IPO (AP)

November 25th, 2009 | No Comments | Posted in Aggregator

This came from Yahoo News

FILE - In this Nov. 6, 2007 file photo, Facebook CEO and founder Mark Zuckerberg speaks to press and advertising partners at an event in New York. Facebook on Tuesday, Nov. 24, 2009 created a dual-class stock structure designed to give Zuckerberg and other existing shareholders control over the company. (AP Photo/Craig Ruttle, File)AP - Facebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company.

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