4 ms·
google is actually a 3-class stock: class B has 10 votes and is not available publicly (owned by larry, sergey, eric), class A has one vote and trades as GOOGL,
by dmitrygr 7y ago
google is actually a 3-class stock:
class B has 10 votes and is not available publicly (owned by larry, sergey, eric), class A has one vote and trades as GOOGL, class C is nonvoting and trades as GOOG. Employees only get grants of GOOG and thus have no votes
- SilasX 7y agoOh wow. TIL! I (and the rest of HN, and even S&P[1]) was screaming bloody murder about Snapchat IPOing and only releasing non-voting shares. I didn't know Google worked the same way! [1] https://news.ycombinator.com/item?id=14904946 https://news.ycombinator.com/item?id=14904946
- what_ever 7y agoI thought for Snap, any investor can only buy non-voting share? For Google, you (or I during the open window) can buy GOOGL and have voting share? Disc: Googler.
- SilasX 7y agoAh, sorry, misread it -- that is different from Snapchat, although still similar in that only a sliver of voting shares are publicly traded.
- the-rc 7y agoWell, if you were employed before/during the 2014 split, you do have a mix of GOOG/GOOGL. Not that it ever made a difference in practical terms.