Bloomberg Facebook Inc. scrapped plans to create a new class of shares, a rare victory for outside investors in a battle for control of the world’s largest social media company. The move would have let Chief Executive Officer Mark Zuckerberg keep voting control even while selling almost all his shares to fund philanthropic endeavours. Only days before he was scheduled ...

Bloomberg Mark Zuckerberg, the world’s fifth-richest person, plans to sell as much as 18 percent of his Facebook Inc. stock during the next 18 months. The founder and chief executive officer of the world’s biggest social media company expects to sell 35 million to 75 million shares, Menlo Park, California-based Facebook said in a regulatory filing. The stock ended the ...

Bloomberg Is London’s decision to remove Uber Inc.’s taxi license a sign that Britain is turning inward ahead of Brexit? It could be seen as a concession to the capital’s famous black cab drivers, who are highly trained and expensive, and resent competition from cheaper rivals equipped with satellite navigation. They are skilled tradesmen threatened by the march of technology ...