In Facebook Deal for Instagram, Board Was All But Out of PictureFacebook Board Little Involved in Deal

Nope, absolutely nothing wrong at all with the control of the largest social network in the world and the entirety of it’s user’s content, belonging to just one guy. I’m sure he has your interests at heart.

“Mr. Zuckerberg ditched all that. By the time Facebook’s board was brought in, the deal was all but done. The board, according to one person familiar with the matter, “Was told, not consulted.”

Mr. Zuckerberg owns 28% of Facebook’s stock, and controls 57% of its voting rights, giving him the freedom to act independently if he wants.”

In Facebook Deal for Instagram, Board Was All But Out of PictureFacebook Board Little Involved in Deal

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