Meta board approves non-voting Class C stock, one-for-one dividend to A and B holders

The structure matters more than the split mechanics: a listed non-voting class widens the public float while entrenching founder control, and the alignment agreement with Zuckerberg is the piece that shapes how that trade-off is read. Anyone tracking governance at founder-led tech names, not just Meta holders, has a new reference point for how dual-class frameworks can be extended without formally changing voting power. The open questions are the record and distribution dates the board has yet to set, and whether the Class C listing trades at a discount that reveals how the market prices control it lacks.