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Read the IPO letter to investors. They have two classes of voting shares, like Berkshire Hathaway, which enables them to make longer term bets than the market's
by spazcat 15y ago
Read the IPO letter to investors. They have two classes of voting shares, like Berkshire Hathaway, which enables them to make longer term bets than the market's attention span can handle.
- dmoy 15y agoTrue, it's a similar deal. A bit less drastic, as a 'second-class' Google stock is just 1/10th of the vote, whereas a 'second-class' berk is 1/20th (25th?, dunno) of the vote, but more importantly doesn't cost 100k/share. I don't know what berk b's price is at, but there's a much smaller set of people who can actually buy berk a shares. 100k is a lot for the average joe to invest in a single share :(