Mutual funds and other large institutional investors own a significant amount of Facebook stock.

Class B shares, which are primarily owned by Mark Zuckerberg and a small group of insiders, have 10 votes each. The Class A shares are what normal investors can buy on the stock market, and they come with one vote per share. This is according to SEC filings by the company. Facebook is unique in that it has a 'dual class' share structure, which divides Facebook shares into two classes, namely “Class A” and “Class B” shares. Indeed, it's also reorganizing its internal reporting lines, as the Instagram Direct team will join the Messenger one, further hinting at a more common approach to messaging across Facebook's services.Facebook's share structure differs from that of other publicly-traded companies, which assign one vote to one share. More surprisingly, the company is under antitrust investigation by the Federal Trade Commission concerning its acquisitions, and the timing for the name change seems odd.įacebook seems to be accelerating the integration of its messaging apps, and the rebranding could be a first step towards a more unified ecosystem.

This is a bold move, especially considering users are not as suspicious of Instagram and WhatsApp with regard to privacy as they are of Facebook. The change has been confirmed by the company spokesperson, saying they want to 'want to be clearer about the products and services that are part of Facebook.' The rebranding won't be subtle, as the two apps will be renamed 'Instagram from Facebook' and 'WhatsApp from Facebook.' The new appellation will be visible on application stores and within the apps, making it clear to the public they're Facebook's property.

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