alt Hacker NewsThe message being "screw the rules, I have money".
The shareholders already can't remove Zuckerberg, he has 57% of voting control.
The message being "screw the rules, I have money".
The shareholders already can't remove Zuckerberg, he has 57% of voting control.
It amounts to taking 10% of his wealth too, through dilution.
And by diluting all shareholders it depresses the price in the future.