By Brian Womack
Facebook Inc., the world’s biggest social-networking site, introduced a dual-class stock structure to let current shareholders hold onto voting control.
The decision shouldn’t be seen as a sign that the company is planning to go public, Facebook said today in an e-mailed statement. It said it has no plans to hold an initial stock sale at this time.
“We did introduce a dual-class stock structure because existing shareholders wanted to maintain control over voting on certain issues to help ensure the company can continue to focus on the long term,” Facebook said.
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