> it's still strange to consider what the benefits are of owning a share in a company that likely won't pay a dividend in the foreseeable future and for which y

> it's still strange to consider what the benefits are of owning a share in a company that likely won't pay a dividend in the foreseeable future and for which you have no recourse through corporate governance over the direction of the company Isn't this true anytime you buy stock for a company where one person owns >50%? You know you can't influence anything with your vote; you're just buying a fraction of the future dividends. > I'm sure that class C stock will be correlated to class A stock but this sort of sounds like a security who's price is dictated by my ability to find a greater fool to purchase it in the future. For almost all companies, most of the stock's expected value derives from future scenarios where the company pays out dividends like normal (even if they aren't paying any currently). The expected value derived from the possibility of liquidating the assets and returning all money to the shareholders is nonzero but very small, simply because the chance of this happening is small. So this greater-fool critique would apply to any stock that isn't paying out dividends in the near term, not just those for which there is no voting control.