Facebook introduced a dual-class stock structure. Though the social network released statements saying it is not planning an IPO at this time, the speculation is already running rampant.
The lede from The Wall Street Journal:
Facebook Inc. has established a dual class stock structure, a move that helps lay the groundwork for an eventual initial public offering.
From The New York Times:
Facebook is taking a rudimentary step down the path to becoming a public company, The New York Times's Brad Stone reports from San Francisco.
"That is the exact same thing Google did," said Ben Schachter of Broadpoint AmTech. "The structure is a way to protect longer term interests against short-term pressures."
Several news reports noted that Facebook CEO Mark Zuckerberg has signaled in the past his interest in an IPO, but that he wants to take his time with it. Still, imagine working this deal?