Get all your news in one place.
100's of premium titles.
One app.
Start reading

Never mind the stock drop. Mark Zuckerberg is still Facebook's absolute monarch

Meta/Facebook's historic stock plunge slashed the company's value by roughly one-third over the past week and roiled markets but left one key figure unbowed: Founder-CEO Mark Zuckerberg may be poorer, but he's no less powerful.

Why it matters: Other CEOs facing such disasters have quit, or at least faced boardroom challenges or shareholder revolts. But Zuckerberg's ownership of a class of shares with special voting rights gives him effective and absolute control over the company.


Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.