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Google is a special case where most of the shares sold to the public have no voting rights. The founders and early investors got the shares with voting rights,
by GeekyBear 2y ago
Google is a special case where most of the shares sold to the public have no voting rights.
The founders and early investors got the shares with voting rights, plus non voting shares they could sell to cash in, while retaining their control of the company.
> A Summary of Alphabet's Class Structures
Class A: Held by a regular investor with regular voting rights (GOOGL)
Class B: Held by the founders, with 10 times the voting power of Class A shares
Class C: No voting rights, typically held by employees and some Class A stockholders (GOOG)
https://www.investopedia.com/ask/answers/052615/whats-difference-between-googles-goog-and-googl-stock-tickers.asp https://www.investopedia.com/ask/answers/052615/whats-differ...