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It's the case of SNAP and LYFT because they have ownership structures which don't allow mutual funds to invest in them. Uber has a normal structure; any fund th
by leoromanovsky 7y ago
It's the case of SNAP and LYFT because they have ownership structures which don't allow mutual funds to invest in them. Uber has a normal structure; any fund that mirrors the market will purchase the stock.
https://www.recode.net/2019/4/11/18302102/ipo-voting-multi-dual-stock-lyft-pinterest https://www.recode.net/2019/4/11/18302102/ipo-voting-multi-d...
- JMTQp8lwXL 7y ago> Back in 2017, the private ride-hailing company got rid of its dual-class voting structure that had enabled its previous CEO, Travis Kalanick, to make a lot of bad decisions. What an interesting takeaway. Certainly bodes well for the average Uber investor, but really it only happened because of Travis.