And yet people keep buying FB stock, and IPOs with this same dual-class scheme (and no intent to ever pay dividends) still get hyped up. It's because the people

And yet people keep buying FB stock, and IPOs with this same dual-class scheme (and no intent to ever pay dividends) still get hyped up. It's because the people buying them aren't long-term value investors, they're gamblers. They just hope to find another sucker to buy the stock at a higher price than they paid.