Mark Zuckerberg’s withdrawal of plans to excrete an inferior class of Facebook shares onto the investing hoi polloi should go down as an extraordinary moment in contemporary American capital markets. But the social network founder’s climbdown is not an unalloyed victory for democratic capitalism. Facebook is facing other, existential, challenges that almost certainly rendered Zuckerberg’s decision an expedient one. Read more.
A mine worker shot during an ambush on a mining convoy in Burkina Faso said on Friday he was one of only three survivors from a bus with up to 80 people aboard, suggesting the death toll may...read more.