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Ah, looks like this is correct, at least as of 2022: > Even though such classes of shares were unusual in the tech industry, Brin and Page decided to copy the
by gnicholas 2y ago
Ah, looks like this is correct, at least as of 2022:
> Even though such classes of shares were unusual in the tech industry, Brin and Page decided to copy the structure. In the case of Google (now Alphabet), A shares carry one vote, while B shares each carry 10 votes. Brin and Page between them own 51 percent of those B shares, giving them joint control of the company, even though they own less than 12 percent of its total shares.
1: https://www.inc.com/minda-zetlin/warren-buffett-google-sergey-brin-larry-page-ipo-public-shares.html https://www.inc.com/minda-zetlin/warren-buffett-google-serge...