4 ms·
17% of stocks != 17% of voting rights. I don't know the current numbers, but Zuck was known for aggressive use of priority shares to retain voting control of th
by t_mann 4y ago
17% of stocks != 17% of voting rights. I don't know the current numbers, but Zuck was known for aggressive use of priority shares to retain voting control of the company as he was selling shares.
- koolba 4y agoShare of stock class != Share of stock class Zuck controls 90% of the voting rights of FB: https://www.morningstar.com/articles/1061237/how-facebook-silences-its-investors https://www.morningstar.com/articles/1061237/how-facebook-si...
- KptMarchewa 4y ago>17% of stocks != 17% of voting rights Stock classes are the biggest robbery of modern times.
- lotsofpulp 4y agohttps://www.merriam-webster.com/dictionary/robbery https://www.merriam-webster.com/dictionary/robbery > larceny from the person or presence of another by violence or threat How does Facebook’s share offering meet the definition of robbery? That Zuckerberg was selling a product with such high demand and so little supply that he was able to sell at a very high price does not qualify as Zuckerberg robbing others. It is not even bread for a starving person, it is equity to chase returns.
- texaslonghorn5 4y agoIt seemed obvious to me that robbery was being used in the colloquial sense (rip off)
- ahtihn 4y agoIt's not like people aren't aware of stock classes when they buy it.