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Zuckerberg intends to retain majority voting position in Facebook stock for 'foreseeable future'

An illustration picture shows the log-on screen for the website Facebook, in Munich February 2, 2012. REUTERS/Michael Dalder

(Reuters) - Facebook Inc: * CEO zuckerberg intends to retain his majority voting position in Facebook stock for "foreseeable future" * CEO Mark Zuckerberg informed he plans to sell or gift no more than $1 billion of Facebook stock each year for the next three years * Mark Zuckerberg will gift substantially all of shares of stock to further "mission of advancing human potential and promoting equality" * Zuckerberg established a new entity, chan zuckerberg initiative, and will control voting and disposition of any shares held by such entity * Source text (http://bit.ly/1ltp01x) (Bengaluru Newsroom)