Free Republic

Meta CEO Mark Zuckerberg intends to maintain control over the company he founded in 2004, and a new class of stock will help him do just that. On Wednesday as Meta released third-quarter earnings results, the company announced that it would issue a new share class of Class C stock. The share class, which is technically a one-for-one stock dividend of new Class C shares, will be distributed to all shareholders. It was conceived following months of extensive negotiations that grew contentious at times between Zuckerberg and board members, including DoorDash CEO Tony Xu, Ambassador Robert Kimmitt, and ex–Microsoft executive...

A judge and the state AG say Facebook didn’t block enough political speech.Can one state regulate speech for the other 49? We’re about to find out after a New Mexico judge on Wednesday ordered Meta to pay $25 billion for supposedly misleading the public about its privacy and content moderation policies. Its real offense is not doing more to censor speech that progressives dislike.The $25 billion penalty ranks among the largest court judgments against a single company in U.S. history. Based on the judge’s over-egged rhetoric, you’d think the parent company of Facebook had turned over its platform to sex...