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Obnoxious, perhaps, but not unprecedented; Google and Facebook have similar structures now, and it's not unprecedented outside the tech industry. (The Ford fam
by rst 10y ago
Obnoxious, perhaps, but not unprecedented; Google and Facebook have similar structures now, and it's not unprecedented outside the tech industry. (The Ford family used this kind of structure to keep control of their Motor Company.)
- Animats 10y agoThose companies were profitable when they went public, and their founders were credited with their success. Twilio is losing money.
- JumpCrisscross 10y ago> [This is] not unprecedented; Google and Facebook have similar structures...[t]he Ford family used this kind of structure..." Alphabet's B shares hold 64% of its voting power [1]. Zuckerberg controls 57% of Facebook's votes [2]. And Ford's Class B shares hold 40% of the voting power [3]. Selling the public 10% of your company while retaining 99% of the vote is a huge red flag. [1] http://www.investopedia.com/articles/markets/052215/goog-or-googl-which-google-should-you-buy.asp http://www.investopedia.com/articles/markets/052215/goog-or-... [2] http://venturebeat.com/2012/02/01/zuck-power-play/ http://venturebeat.com/2012/02/01/zuck-power-play/ [3] http://venturebeat.com/2012/02/01/zuck-power-play/ http://venturebeat.com/2012/02/01/zuck-power-play/