VC, founder, - backing repeat founders with a community of 200 engineers. OSS. Perplexity, Higgsfield, Ani, Etched, Rhoda, Wabi. Husband to @msdavidova
Meta is splitting votes and economic interest into two distinct share classes (so each shareholder will get 2 shares for each share they own). So existing shares will retain votes and 1/2 of the economic interest and the new class will just have the 1/2 economic interest with no votes.
I’m very curious how the market would price this - should be non-linear for voting premiums (although who cares while Zuck maintains 60% votes)