3 ms·
But you can't buy SNAP by buying the stock. The stock has no voting rights and thus it's price really is not what someone can buy the company for. Spiegel etc
by jarsin 8y ago
But you can't buy SNAP by buying the stock. The stock has no voting rights and thus it's price really is not what someone can buy the company for.
Spiegel etc still have majority ownership.
- ThrustVectoring 8y agoThe majority voters cannot simply freeze out minority shareholders. They can decide to sell if it's in everyone's best interest over remaining independent, though. If the offer isn't for more than what the publicly held shares are worth, then Spiegel et al get sued over selling the company.