News for hackers. Stuff that matters.

A comment on Naked shorting: The curious incident of the shares that didn't exist (2005). Parent comment

Re:Naked shorting: The curious incident of the shares that d... by bhk on Sunday January 31, 2021 @10:51PM (#25985341)
And GOOG seems to be doing okay.
[ Parent | on HN ]
Re:Naked shorting: The curious incident of the shares that d... by entangledqubit on Sunday January 31, 2021 @11:35PM (#25985573)
Amusingly, the voting shares are currently worth less than the nonvoting.
[ Parent | on HN ]
Re:Naked shorting: The curious incident of the shares that d... by sn_master on Monday February 01, 2021 @07:39AM (#25988099)
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...

[ Parent | on HN ]
Re:Naked shorting: The curious incident of the shares that d... by bhk on Monday February 01, 2021 @02:12AM (#25986366)
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!
[ Parent | on HN ]