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> 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 restructur
by 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.