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Although the preferred stock holders get paid before Zuck and co.
by tmccrary55 5y ago
Although the preferred stock holders get paid before Zuck and co.
- MrMorden 5y agoPreferred stockholders (get paid first but can't vote) and common stock (can vote) are normal; the tech innovation is multiple classes of shares so that they get the benefits of an IPO without risking loss of control. Without that, Zuck would have waited as long as possible to list because once he loses control he loses the ability to spend company money on himself. Which he's breaking the law by doing; hence this suit.