: The company net income was $1.51bn for the first three months of the year, up from $512m in the same period last year, according to The Guardian. Margins improved from 26% in 2015 to 37% in 2016. Facebook net income nearly tripled year-over-year, according to first-quarter results filed on Wednesday, sending the company stock soaring more than 8% in after-hours trading, and bucking the trend of disappointing results in the tech sector. That good news gave Facebook the opportunity to announce what could be a bitter pill for investors to swallow: a plan to issue a new class of non-voting stock that will allow Zuckerberg to maintain control of the company even as he gives his shares away. If the new stock plan is approved, Zuckerberg wrote in a note included in the filings: I’ll be able to keep founder control of Facebook so we can continue to build for the long term, and Priscilla and I will be able to give our money to fund important work sooner. Last year, Zuckerberg and his wife, Priscilla Chan, announced their intention to give 99% of their shares in Facebook to the Chan Zuckerberg Initiative over the course of their lifetimes.
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