Zuckerberg controls the majority of the voting power at Meta.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
What would count as true or false
Judge as of 2025-01-10. True: Meta's SEC filings (the proxy statement or 10-K closest to January 2025) show Zuckerberg held or controlled more than 50% of the combined voting power of Meta's outstanding stock, counting Class B shares and voting proxies. Mostly true: he controlled a majority but with a minor detail off (for example the majority depends on proxy agreements as well as shares he owns outright). Mostly false: he held a large voting stake just under 50%, so the majority claim overstates real control. False: filings show his voting power was well below 50%.
Set before the research began.
Evidence (4)
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E1 2024 annual reporting - SEC.gov U.S. Securities and Exchange Commission (Meta Platforms, Inc. Form 10-K for fiscal 2024)
“Holders of our Class B common stock, including our founder, Chairman, and CEO, together hold a majority of the combined voting power of our outstanding capital stock, and therefore are able to control the outcome of all matters submitted to our stockholders for approval”
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E2 2024 annual reporting - SEC.gov U.S. Securities and Exchange Commission (Meta Platforms, Inc. Form 10-K for fiscal 2024)
“If, for example, Mr. Zuckerberg retains a significant portion of his holdings of Class B common stock for an extended period of time, he could, in the future, continue to control a majority of the combined voting power of our outstanding capital stock.”
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E3 2024 annual reporting - SEC.gov U.S. Securities and Exchange Commission (Meta Platforms, Inc. Form 10-K for fiscal 2024)
“On January 24, 2025, the registrant had 2,189,898,148 shares of Class A common stock and 343,761,117 shares of Class B common stock outstanding.”
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E4 The founder kings of Silicon Valley: Dual-class stock gives US social media company controllers nearly as much power as ByteDance has over TikTok The Conversation · 8 April 2025
“Zuckerberg reportedly owns just 13.5% of the company's equity, but because he owns 99.7% of the supervoting shares, he controls 61% of the company's votes.”
Reasoning
Meta's fiscal-2024 10-K says Class B holders, including Zuckerberg, hold a majority of the combined voting power (E1). It also says he "could... continue to control a majority" of that voting power, which means he controlled it at the time (E2). The filing gives share counts as of January 24, 2025 (E3), and The Conversation reports that Zuckerberg holds 99.7% of the supervoting shares and controls 61% of the votes (E4). Together these show he held well over 50% of the voting power around January 2025.
Cite this claim
Mark Zuckerberg, “Zuckerberg controls the majority of the voting power at Meta.” (said 10 January 2025). Verdict: resolved true. Reliability API, claim c_2998a2742e88, method 0.1.0+3f84d14d, dataset release v1.1.2. https://epistacklabs.com/claims/c_2998a2742e88
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Mark Zuckerberg
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Mostly true
“We have seen large increases in Meta AI use since releasing the updates, and the Meta AI app has consistently been near the top of the app stores as well.”
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Resolved true
“More than 3.5 billion people use at least one of our apps every day.”
More than 3.5 billion people use at least one Meta app every day.
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Resolved true
“We released Ray-Ban MetaOptics this quarter designed for all-day wear rather than primarily as sunglasses.”
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Mostly true
“I outlined thematically a bunch of these in the upfront comments around personal AI, around LLMs, combining with the recommendation systems.”
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Resolved true
“Dina Powell McCormick also joined us as president and vice chairman.”
Dina Powell McCormick joined Meta as president and vice chairman.
Verdicts are made automatically; how verdicts are made.