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.
It was a routine bike ride around the neighborhood that landed Zachary McCoy in the crosshairs of the Gainesville, Florida , police department. REad more.