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A comment on Sergey Brin Confronted Gavin Newsom. Parent comment

Re:Sergey Brin Confronted Gavin Newsom by anamax on Sunday April 26, 2026 @10:42PM (#47917155)
Google is public, so the 5% of max(ownership, control) clause doesn't apply.

However, there are a bunch of private unicorns whose founders are subject to the tax even though their ownership is well under $1B.

See Section 50303(c)(3)(C) quoted above.

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Re:Sergey Brin Confronted Gavin Newsom by VirusNewbie on Monday April 27, 2026 @10:56AM (#47922487)
It does apply, because Sergey's shares are not the same kind available on the public exchange.
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