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A comment on Meta slashes hiring plans, girds for 'fierce' headwinds. Parent comment

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by t_mann on Friday July 01, 2022 @04:04AM (#31943666)
17% of stocks != 17% of voting rights. I don't know the current numbers, but Zuck was known for aggressive use of priority shares to retain voting control of the company as he was selling shares.
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Re:Meta slashes hiring plans, girds for 'fierce' headwinds by KptMarchewa on Friday July 01, 2022 @05:55AM (#31944317)
>17% of stocks != 17% of voting rights

Stock classes are the biggest robbery of modern times.

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Re:Meta slashes hiring plans, girds for 'fierce' headwinds by lotsofpulp on Friday July 01, 2022 @10:31AM (#31946907)
https://www.merriam-webster.com/dictionary/robbery

> larceny from the person or presence of another by violence or threat

How does Facebook’s share offering meet the definition of robbery?

That Zuckerberg was selling a product with such high demand and so little supply that he was able to sell at a very high price does not qualify as Zuckerberg robbing others. It is not even bread for a starving person, it is equity to chase returns.

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Re:Meta slashes hiring plans, girds for 'fierce' headwinds by texaslonghorn5 on Friday July 01, 2022 @03:43PM (#31951716)
It seemed obvious to me that robbery was being used in the colloquial sense (rip off)
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Re:Meta slashes hiring plans, girds for 'fierce' headwinds by ahtihn on Saturday July 02, 2022 @04:15AM (#31957193)
It's not like people aren't aware of stock classes when they buy it.
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Re:Meta slashes hiring plans, girds for 'fierce' headwinds by koolba on Friday July 01, 2022 @05:38AM (#31944216)
Share of stock class != Share of stock class

Zuck controls 90% of the voting rights of FB: https://www.morningstar.com/articles/1061237/how-facebook-si...

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