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Eh, not really. Google and FB both structure their shares so the founders own >51% of the shares, so your votes are meaningless. In fact Google recently explici
by marcell 10y ago
Eh, not really. Google and FB both structure their shares so the founders own >51% of the shares, so your votes are meaningless. In fact Google recently explicitly restructured their shares to make sure the founders maintained majority share going forward.
Market premium on GOOGL (voting shares) is 2.4% as of this writing, FWIW.
- dragonwriter 10y ago> Google and FB both structure their shares so the founders own >51% of the shares, so your votes are meaningless. It's possible for disagreement to exist between the founders, requiring a majority coalition to be built using non-government-held votes.
- chimeracoder 10y ago> Google and FB both structure their shares so the founders own >51% of the shares, so your votes are meaningless. In fact Google recently explicitly restructured their shares to make sure the founders maintained majority share going forward. Minority shareholders have rights even without majority voting control. Some of those rights do apply to non-voting shares, but they're much more limited. GOOGL isn't particularly relevant here; all that says is that investors today are confident in the leadership's plans. That could change tomorrow, and it means nothing for Snapchat.