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Facebook creates dual-class structure, but no IPO
NEW YORK (AP) — Facebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company.
The move could be seen as laying the groundwork for an initial public offering, though the social network said Tuesday it had no plans to go public "at this time."
The dual-class structure is what Google Inc.'s founders,...
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