News for hackers. Stuff that matters.

A comment on Sergey Brin Confronted Gavin Newsom. Parent comment

Re:Sergey Brin Confronted Gavin Newsom by HaloZero on Sunday April 26, 2026 @07:52PM (#47916122)
How did you come up with 50 billion? It’s a 2% one time tax no?
[ Parent | on HN ]
Re:Sergey Brin Confronted Gavin Newsom by VirusNewbie on Monday April 27, 2026 @10:56AM (#47922481)
No, Sergey owns non pubic, shares that are not available on the open market that have move voting rights. So the tax 'values' those at the % of voting rights as a percentage of the company valuation.

Likewise, Evan Spiegal would have to sell 100% of his SNAP stock the first year because of how the voting rights work.

[ Parent | on HN ]