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Archive Home > 2009 > November > 25 > Facebook move may be step toward IPO

Facebook move may be step toward IPO


November 25, 2009

NEW YORK — Facebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company.

The social network said Tuesday it had no plans to go public “at this time.” But the move may well be seen as laying the groundwork for....

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