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Google has both "goog" stock and "googl" stock. One of which has essentially no voting rights and both have no dividends. The one with voting rights has slight
by an_account 9y ago
Google has both "goog" stock and "googl" stock. One of which has essentially no voting rights and both have no dividends.
The one with voting rights has slightly higher price, but they track each other pretty closely.
- CountSessine 9y agoStocks with no voting rights and no dividends are strange. It's like fiat-currency without the fiat; you're buying tulips and hoping you're not left holding the bag when prices plateau. Microsoft stock was flat for years under Steve Balmer. Microsoft had become Con-Edison - a utility that would reliably make money year after year but wasn't going to see growth in earnings. Shareholders rightly demanded dividends if the company couldn't improve its earnings growth. Thinking ahead to that, what's going to happen to everyone who owns "goog" when there's a sustained period without earnings growth at Google?