3 ms·
You're mixing up voting shares and Class A common stock
by johntiger1 4y ago
You're mixing up voting shares and Class A common stock
- Retric 4y agoIt’s two different measurements. TCI owns 0.5% of the company but gets less than 0.5% of voting power. Ownership percentage is only important because of how it lets them impact the stock price.
- aroman 4y agoNo, I don't believe I am. Can you clarify what you think I've mixed up? Class A shares (such as TCI have) have regular voting rights. Class B shares (such as Larry and Sergey have) have 10x voting rights. Thus, as I understand it, TCI's voting voting power is at most roughly ~0.5. In practice, it's way less than that due to all the class B shares[0], reinforcing my point. [0] https://capital.com/alphabet-shareholder-who-owns-most-googl https://capital.com/alphabet-shareholder-who-owns-most-googl >GuruFocus data, as of 29 November 2022, revealed that 59.13% of Alphabet’s stock was owned by insiders, including the two founders, while 22.21% of common shares were owned by institutions including brokerage firms, hedge funds, pension funds and asset management companies.