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The NYSE and S&P 500 banned dual class stocks for several decades: https://www.investopedia.com/terms/d/dualclassstock.asp https://www.investopedia.com/terms/d/
by sbierwagen 3y ago
The NYSE and S&P 500 banned dual class stocks for several decades: https://www.investopedia.com/terms/d/dualclassstock.asp https://www.investopedia.com/terms/d/dualclassstock.asp
During periods when VCs have more leverage they'll lean on founders to not issue dual class stocks, since of course it reduces their power to fire CEOs when things aren't going well.