Re:Coinbase lays off around 1,100 employees
by xvedejas on Tuesday June 14, 2022 @06:40PM
(#31746923)
Aren't those classes of stock with voting power worth a lot more? I'm not sure how you'd possibly avoid being rich on paper if you have a majority voting power for Google.
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Not necessarily, for example Facebook supervoting shares were setup to convert to normal shares if transfered, making them only more valuable to the original holder.
Re:Coinbase lays off around 1,100 employees
by xvedejas on Tuesday June 14, 2022 @09:32PM
(#31748137)
Okay, interesting. I'm guessing those people typically had many normal shares too, right? Otherwise if they're given a fairly small financial stake, and have no skin in the game -- I'm guessing that most investors wouldn't like that?