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Actually, why wouldn't the Epic's of the world just issue themselves shares with super voting power, like what Facebook and Google did. That would address the c
by dsizzle 5y ago
Actually, why wouldn't the Epic's of the world just issue themselves shares with super voting power, like what Facebook and Google did. That would address the concern in his tweet.
- yodon 5y agoYou only get to do that if you're printing money at such an astounding rate that investors will do anything to get you to let them invest in you. FB and Google, yes, most other companies, not so much.
- dsizzle 5y agoLots of companies do it, most of which are not as dominant as FB and Google https://www.cii.org/files/3_17_17_List_of_DC_for_Website(1).pdf https://www.cii.org/files/3_17_17_List_of_DC_for_Website(1).... It only really requires that shareholders trust the owners of the special class shares.