fortune.com

Meta shareholders face $17B settlement as Zuckerberg controls votes

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
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A settlement tied to Facebook’s harms would cost Meta shareholders about $17 billion over 10 years. Mark Zuckerberg’s dual-class structure gives him 10 votes per share, about 61% voting power despite owning 13%. As You Sow had filed resolutions since 2019 citing over 45 million child abuse and torture images linked to sex trafficking, but safeguards may still not take effect and the payout could drop to about $12 billion if other platforms don’t join.

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