Hacker News Reader

NYSE: SNAP ("Snapchat") listed shares have no voting rights, and they seem to be doing okay.

And GOOG seems to be doing okay.

Amusingly, the voting shares are currently worth less than the nonvoting.

I just checked and you are right (1835 vs 1827). Funnily, there is this:

"but unlike common shares, they do not confer voting rights to shareholders. As a result, these shares tend to trade at a discount to Class-A shares. "

https://www.investopedia.com/ask/answers/052615/whats-differ...

They should issue a class of shares that are guaranteed to never pay a dividend or be redeemable for anything. Maybe they will trade even higher!

Reply on news.ycombinator.com