Do these 3 things before closing this tab:
1Clear out junk files and repair common Windows errors2Fix the driver behind crashes, sound loss and screen glitches3Repair Windows errors before they cause bigger problemsThe figures in this headline are Facebook’s projected ownership percentages after its 2012 initial public offering—not current stakes. Facebook’s February 1, 2012 SEC filing listed Mark Zuckerberg at 28.2% and Peter Thiel at 2.5% of the company after the offering. Those equity percentages are distinct from voting power, which was shaped by Facebook’s two classes of shares and voting agreements.
What the 28.2% and 2.5% figures measure
Facebook’s February 1, 2012 Form S-1 reported Zuckerberg’s and Thiel’s beneficial ownership in its post-offering column. It listed Zuckerberg with 533,801,850 Class B shares, or 28.2%, and Thiel with 44,724,100 Class B shares, or 2.5%. These are figures tied to the planned IPO and the filing’s post-offering calculation, not a statement of either person’s ownership today. Facebook’s SEC-filed Form S-1 also shows separate pre-offering and post-offering columns; the percentages should not be detached from the latter.
Why ownership percentage is not the same as control
Facebook’s 2012 share classes carried unequal voting rights: each Class A share had one vote, while each Class B share had ten votes. The filing says a Class B share could be converted at any time into one Class A share. Because Zuckerberg’s reported post-offering holdings were Class B shares, his 28.2% equity stake did not mean he held only 28.2% of the votes.
The S-1 also described voting agreements with certain stockholders. Together with Zuckerberg’s own shares, those agreements allowed him to exercise voting rights over a majority of the voting power after the IPO. So the filing’s ownership percentage and its account of voting control answer different questions: one concerns economic ownership, and the other concerns the votes available to direct company decisions.
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What Meta reported about Zuckerberg in 2026
Meta Platforms’ 2026 proxy statement gives a later, dated snapshot for Zuckerberg. As of April 1, 2026, it reported 639,347 Class A shares and 341,823,978 Class B shares beneficially owned by him, representing 60.8% of total voting power. The proxy’s reported beneficial ownership includes shares held through trusts and affiliated entities under SEC beneficial-ownership rules. Its figure is voting power, not an equivalent percentage of Meta’s total economic ownership. Meta’s 2026 proxy statement identifies the as-of date and the scope of its ownership table.
Does the 2026 proxy establish Thiel’s current stake?
No. The proxy provides a later benchmark for Zuckerberg but does not establish a current ownership percentage for Thiel. Its table covers certain beneficial owners and management; Thiel’s absence from that table is not evidence that he owns no shares, nor does it support a current percentage. The 2.5% figure is the post-offering figure in Facebook’s 2012 S-1.
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How to read the figures side by side
| Person and company context | Date and measure | Reported figure |
|---|---|---|
| Mark Zuckerberg, Facebook | 2012 IPO filing; post-offering equity ownership | 28.2% (533,801,850 Class B shares) |
| Peter Thiel, Facebook | 2012 IPO filing; post-offering equity ownership | 2.5% (44,724,100 Class B shares) |
| Mark Zuckerberg, Meta Platforms | As of April 1, 2026; total voting power | 60.8% (639,347 Class A shares and 341,823,978 Class B shares reported) |
| Peter Thiel, Meta Platforms | Current percentage established by the cited 2026 proxy | Not stated; the proxy table does not establish a current Thiel stake |
The rows are not a direct ownership trend: the first two are post-IPO equity percentages from 2012, while the later Zuckerberg figure is voting power reported for 2026. Share class, date and measure all matter when comparing corporate ownership figures.
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