Allianz Investment announced that it will vote in support of changing the dual-class share structure at the Meta shareholder meeting.

According to an email statement, Allianz Investment stated that it will support two shareholder proposals at the annual meeting of Meta Platforms on May 27, aimed at breaking the unequal voting structure of this tech giant. The asset management company, which holds Class A shares, will vote in favor of the elimination of Meta's dual stock structure. Currently, the Class B shares, almost all of which are held by founder and CEO Mark Zuckerberg, have voting rights that are 10 times that of common shares.