herald

Sunday 17 December 2017

Facebook keeps control

FACEBOOK says CEO Mark Zuckerberg will exercise almost complete control over the company after an IPO that could raise as much as $10bn (€7.6bn).

The internet giant made it clear investors would have little say. Zuckerberg will control 56.9pc of the voting shares in a company expected to be valued at up to $100bn when it goes public.

Facebook says it has 845 million active monthly users.

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