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Nobody forced you to buy Facebook shares. The stock classes were disclosed at IPO. These were the terms. If you want to buy into a company and have control, buy
by arjunnarayan 10y ago
Nobody forced you to buy Facebook shares. The stock classes were disclosed at IPO. These were the terms. If you want to buy into a company and have control, buy some other company's stock.
- sireat 10y agoEven those shareholders buying the lesser class stock at IPO had certain rights. The whole point of the lawsuit is that certain shareholder rights were violated by board's actions.
- arjunnarayan 10y agoYes, I agree with you. I'm replying specifically to the parent comment that says dual class stock is a 'racket'.