> That's not one of the differences between FB and SNAP, the same risk is listed in Facebook's S-1 (only the word "cash" is missing). I didn't say that was a d

> That's not one of the differences between FB and SNAP, the same risk is listed in Facebook's S-1 (only the word "cash" is missing). I didn't say that was a difference - I said that their plans not to issue dividends combined with their unique voting structure was significant. That disclaimer means something completely different when you're talking about a company that is issuing stock with voting rights (even when the CEO has majority ownership), as opposed to a company in which the stock carries literally no voting rights.