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Companies don’t do this anymore because S&P and other index creators will refuse to add your company to their indexes if you have multiple share classes. It’s m

• dannyw 5y ago
  Plenty of IPOs this year had dual class shares (~20% I believe). Founders are often billionaires; money is now measured in log terms, but control is a boolean. If they already have control, they'll want to keep that control. Investors (VC, etc) have made 20x or more on their investment already and no one is going to go on a fight with successful founders, for a variety of reasons but primarily, they don't care how a company performs in the long run because their fund has already sold their stake and closed already.
• dsizzle 5y ago
  The price boost from being added to the S&P is temporary and small (~5%) https://www.investopedia.com/terms/s/spphenomenon.asp https://www.investopedia.com/terms/s/spphenomenon.asp The person controlling the company potentially has a much greater and longer lasting influence on the stock price! Epic isn't going to be part of the S&P when it's private anyway, so obviously that's not a top concern for Sweeney.